Is there a POD where Thatcher still undertakes reforms but decides that England's economy would depend less on the finance industry and City of London, like maybe something closer to the German economic model?
Is there a POD where Thatcher still undertakes reforms but decides that England's economy would depend less on the finance industry and City of London, like maybe something closer to the German economic model?
I think that you mean Britain. England is only one part of the country. The only part not allowed to have it's own parliament.Is there a POD where Thatcher still undertakes reforms but decides that England's economy would depend less on the finance industry and City of London, like maybe something closer to the German economic model?
Well there are certain things a government could do such as varying the tax levels for manufacturing business, allowing the cost of new machinery to be reclaimed against tax to encourage modernisation etc. Part of Germany's success—and globally Germany is freakishly successful in that, IIRC, it's outside the norm—was its system of industrial collaboration whilst the UK had developed a more confrontational one.Is there a POD where Thatcher still undertakes reforms but decides that England's economy would depend less on the finance industry and City of London, like maybe something closer to the German economic model?
Exactly. Yes large numbers of people left the sector but that's because it was becoming more efficient by being able to produce more with fewer man hours.As with many things regarding Thatcher the reality is rather different to the common assumption. Manufacturing output increased while Thatcher was PM.
Realistically the move towards more mechanisation and automation should have started happening in the 1970s but neither party—Conservative or Labour—were brave enough to grasp the nettle when in power.But there was always going to be a trend away from low skilled manufacturing in Britain, as in other western countries, as globalisation grew after 1980.
Well there are certain things a government could do such as varying the tax levels for manufacturing business, allowing the cost of new machinery to be reclaimed against tax to encourage modernisation etc. Part of Germany's success—and globally Germany is freakishly successful in that, IIRC, it's outside the norm—was its system of industrial collaboration whilst the UK had developed a more confrontational one.
Here's a quote from 1957 paper, which I present without knowledge upon accuracy of the statements. Unemployment seems to have been very low before the Oil Crisis.
(b) At present about a quarter of the nation's graduate scientists and engineers, and about 7 per cent, of the working population, are engaged on defence. The release of some proportion of these would clearly benefit the national economy.
Apologies I really should have started a new paragraph or emphasised the break after the 'etc.', I was using the tax examples as general ones that lot of countries do and the industrial collaboration part as specific to Germany.That is not german only idea all mayor economies have something like that.
Apologies I really should have started a new paragraph or emphasised the break after the 'etc.', I was using the tax examples as general ones that lot of countries do and the industrial collaboration part as specific to Germany.
Mao goes bonkers and makes a full-scale nuclear attack on Japan. In response, USSR and US jointly nuke China. By stroke of good luck a nuclear winter does not happen.
My hunch is that in the absence of defence jobs, those people would have gone abroad, probably to the United States. Absent the defence industry Britain in the 1960s didn't have much to offer nuclear physicists, aviation engineers, and pure mathematicians; Rolls-Royce, Ferranti, Plessey, Marconi etc only had so much civilian work to go around.
With manufacturing industry undercut by the far east and high technology industries having to compete with the United States, what did Britain have to offer bright graduates in non-medical fields? What does it have to offer today?
I think that you mean Britain. England is only one part of the country. The only part not allowed to have it's own parliament.
Is there a POD where Thatcher still undertakes reforms but decides that England's economy would depend less on the finance industry and City of London, like maybe something closer to the German economic model?
Or make better cars or computers? Or help re-equip British factories with more modern machinery? Plenty of things to do.Um, maybe the manufacturing industry would have been better off with more engineers and scientists doing research on how to make better Blue Circle concrete instead of a Blue Circle radar? Or might have formed their own firms encouraged by much lower taxation? Or might have lured American firms to establish research and manufacturing units in UK?
It’s difficult - labour unions were militant and I would say eager to try to press their power on politics. However, workforce efficiency was low compared to Germany especially, which leads to imports being advantageous.
Elect the Liberals during the 1920s-1930s. I mean, they introduced the industrial collaboration concept from as early as 1918. And their infrastructure and public work programs were introduced at the right time for Britain, the early-1920s recession, plus the Great Depression (IOTL, austerity became Britain's official policy).Apologies I really should have started a new paragraph or emphasised the break after the 'etc.', I was using the tax examples as general ones that lot of countries do and the industrial collaboration part as specific to Germany.
Even the 1940s was already quite late.The key decision was made in the late 40s, when Britain was trying to work out the best way to maintain her power
United Kingdom of Great Britain and Northern Ireland, and English regions turned down devolution, it wasn't denied