RealityLicks -> RE: Labour Party takes huge defeat in Britain (5/3/2008 9:58:25 AM)
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Great post phatslut, an excellent comment on the state of British industry. Ahem [;)]. MC, you forget that Germany benefitted from massive and prolonged American investment aimed at turning it into just such an industrial powerhouse, while the Finns' ship-building industry was bankrolled by the Soviets. Britain ended the war with nothing but a mountain of debt and an Empire seeking to divest itself of their interference. You do, I believe, have a point regarding R&D but there are many British firms which succeed on the world stage and are global leaders in their sectors (like BT, BP etc) and areas like telecommunications, finance and education are very big earners. But Britain has traditionally been a nation of middle-men and historical success in industry has often been ancillary to overseas trade objectives. One of Britain's biggest problems is wanting to be admired in today's world for yesterday's achievements, respected by foreign nations in the way the former colonial subjects were compelled to - it developed a false sense of superiority, which of course entitles any country to a round zero.
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