Britain cannot succeed by clinging to an obsolete
industrial past
https://www.telegraph.co.uk/business/2024/01/20/britain-cannot-hope-succeed-clinging-obsolete-industry/
Jeremy Warner:
I nevertheless find myself wondering whether Britain’s growing success in the high value enterprises of the future – the creative industries, tech, AI, the life sciences, and so on – may have something to do with the country’s willingness to let go of its proud industrial past, and instead embrace the new. This is what marks the UK out from much of the rest of Europe, and despite the grimly dispiriting state of our public services, the steadily rising tax burden and the paralysis of our political system, gives at least some hope for the future.
For the truth of the matter is that although materials like steel are the very bedrock of our economic prosperity, without which we would be back in a pre-industrial age, they are also an increasingly unimportant part of the value chain.
Related:
Summers Warns Biden Team Against Pandering on US Steel Deal
https://finance.yahoo.com/news/summers-warns-biden-team-against-160540573.html
https://www.telegraph.co.uk/business/2024/01/20/britain-cannot-hope-succeed-clinging-obsolete-industry/
Jeremy Warner:
I nevertheless find myself wondering whether Britain’s growing success in the high value enterprises of the future – the creative industries, tech, AI, the life sciences, and so on – may have something to do with the country’s willingness to let go of its proud industrial past, and instead embrace the new. This is what marks the UK out from much of the rest of Europe, and despite the grimly dispiriting state of our public services, the steadily rising tax burden and the paralysis of our political system, gives at least some hope for the future.
For the truth of the matter is that although materials like steel are the very bedrock of our economic prosperity, without which we would be back in a pre-industrial age, they are also an increasingly unimportant part of the value chain.
Related:
Summers Warns Biden Team Against Pandering on US Steel Deal
https://finance.yahoo.com/news/summers-warns-biden-team-against-160540573.html