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In the UK we said, "We don't need manufacturing, we have our scientists and R&D". Then when our Universities and our R&D started to decline, we said "We don't
by binaryfinery 16y ago
In the UK we said, "We don't need manufacturing, we have our scientists and R&D".
Then when our Universities and our R&D started to decline, we said "We don't need our Universities and R&D, we have our Service Economy".
Then when our Service Economy went offshore, we said "We dont need all our Service Economy, we have our Financial Services Economy".
Everything outside London is a wasteland. The average wage is subsistence living, if you make one at all. But the Alphas live in a magical city, where cocaine and girls are all easily affordable on multi-million pound salaries.
The UK once ruled the world. The US couldn't be following us down to ruin better if we'd given them a map.
- imp 16y agoDo you have ideas for a solution? What could "we" do differently, given that the US is really a collection of individual businesses each acting in their own best interests.
- binaryfinery 16y agoThe problem is the prisoners dilemma. It is in businesses own best interests to manufacture, design, etc, in the USA, but only if their competitors also do so. Instead they are engaging in destroying the purchasing power of their own customers (direct or indirect). As a result, the only way this could be achieved would be by government intervention, but big business has that in their pocket, and the populace firmly convinced that globalization is good for them.