Grey Wolf said:I'm not sure it would be logical for Britain to be much less industrialised, but less to some degree, yes. The Radicals are certainly interested in improving the lot of the working man. This would have both positive and negative benefits (if that can be said, lol) - for example hygeine, housing, conditions etc would be a higher priority and inventions and investment that further this would be more favoured. The negative benefit would be less exploitation of the worker, thus a slower capitalism as it first has to meet the required standards, then expand, but I think it would be able to do this. The Reformists, and the Whigs are the mercantile parties and would back enterprise and industry whilst in power.
Certainly, but the civil war, from what I understand, had to have destroyed a lot of pre-existing infrastructure. The first available Capital is going to have to go toward replacing those. This also takes time, which is why I though England industrialisation would be quite below OTL.
OTOH, the need for Capital in England may just mean that there is less for investing abroad, esp in the USA. This may provide more capital, but also means less income for reinvestments, and doesn't do anything about time.
Overall, I doubt England will have the lead it did OTL.
Grey Wolf said:Definitely with Germany, though the evolution of the German Confederation makes a single market likely, probably its only lasting legacy.
Yes, but it isn't integrated to the level of OTL. No single government policy and taxation, no single incentive scheme, a competition between the states to have each type of 'national' and 'security' industries... etc
I doubt the Konzerns will grow as big as OTL.
Grey Wolf said:I'm no economist (despite my 'A' grade 'A' level, lol) but my thoughts were on this basis :-
- Belgium with all of Limburg and all of Luxembourg has more resources and industry even than OTL
- I drew a comparison to Iceland of today - booming companies with a small country, thus always looking to expand and use up their capital in investment
Best Regards
Grey Wolf
Yes, I understand this.
OTOH, France avoided the destructions of 70 and the Commune ( which destroyed the skilled labour pool ( not only in Paris but also in Lyon and other major cities ) ), has a lot more political continuity than OTL, keeps more than one year of GDP for further investment and growth and keeps Alsace and Moselle which were populous and indutrialised regions at the time ( definitely moreso than Nice and Savoy ).
So I feel that, compared to OTL, France industrialisation will have beneficed from this TL more than Belgian one ( even if both have ). Given that OTL, France had overcome belgium in the early 1880s....
BTW, I also thought France would be more in the colonial game, as it is not so fixated on revange against Germany. It doesn't seem so. Why is it so?