*cough* *cough* *splutter*its does have more than a whiff of 'machine tools are the new coal' - if people get what i mean
Couldn't possibly imagine what you mean...
*cough* *cough* *splutter*its does have more than a whiff of 'machine tools are the new coal' - if people get what i mean
Well, Figure 2 shows that the Great War disrupted German productivity growth so hard that they could not surpass Britain until postwar. German productivity was predicted to surpass Britain by mid 1930s
They did not work fine. The whole Sheffield steel industry did not work at its maximum efficiency because of its decentralized nature.so basically you would take something that works just fine,destroy it and replace it with something else because the original wasn t state of the art.your shareholders want to have a word with you,that is if the bean counters leave anything for them to talk to.
in what way?They did not work fine. The whole Sheffield steel industry did not work at its maximum efficiency because of its decentralized nature.
Lack of economies of scale. While they might be still profitable, their output ans profit were below optimal because of lack of centralization.in what way?
Works far more in wartime with only one customer. In peace time if you want to make many different types of alloy in different sizes how much do you gain by using the same production facility, stopping and starting each batch rather than having many less good set ups working in parallel?Lack of economies of scale
If I were a British PM, I would bulldoze all the Sheffield steel sheds and rebuild a Krupp-size complex equipped with electric arc furnaces as replacement.
So you are advocating a Soviet centralized production economy - welcome to the glorious Peoples Democratic Republic of Great Britain and IrelandThey did not work fine. The whole Sheffield steel industry did not work at its maximum efficiency because of its decentralized nature.
By "post war" you mean 60 years later...Well, Figure 2 shows that the Great War disrupted German productivity growth so hard that they could not surpass Britain until postwar.
The same chart records British productivity greatly exceeding those projections despite the opportunity costs of fighting two world wars and a great depression. You are being dishonest to cite pre-war projections when those demonstrably underestimated actual British performance despite substantial OTL challenges.German productivity was predicted to surpass Britain by mid 1930s
Well, I would only nationalize them until new steel plants are completed. Meanwhile, I would organize a merge between small steel firms.So you are advocating a Soviet centralized production economy - welcome to the glorious Peoples Democratic Republic of Great Britain and Ireland
Well, I would only nationalize them until new steel plants are completed. Meanwhile, I would organize a merge between small steel firms.
So you are advocating a Soviet centralized production economy - welcome to the glorious Peoples Democratic Republic of Great Britain and Ireland
Well, Figure 2 shows that the Great War disrupted German productivity growth so hard that they could not surpass Britain until postwar. German productivity was predicted to surpass Britain by mid 1930s
But it's an interesting paper showing how much WW1 harmed Germany
So less crazy policy: Just support the steel firms, especially the largest ones to build new modern steel mills, among them would include a Krupp size steel complex.How well did merging small firms in the Car and Aerospace industries work out for the UK?
By "post war" you mean 60 years later...
The same chart records British productivity greatly exceeding those projections despite the opportunity costs of fighting two world wars and a great depression. You are being dishonest to cite pre-war projections when those demonstrably underestimated actual British performance despite substantial OTL challenges.
Well, it also showed how ww1 improved British productivity and industrial capacity. Most of the modernization in British industrial base happened during the war to support war demand, with the construction of the mainly electric-powered National Munition Factories, and with the increasing adoption of mass production techniques. The turning point was the formation of the Ministry of Munitions following the Shell Crisis. This also proved that Asquith was too passive and indecisive.By post war you mean 1955
But it's an interesting paper showing how much WW1 harmed Germany
So less crazy policy: Just support the steel firms, especially the largest ones to build new modern steel mills, among them would include a Krupp size steel complex.
this actually happened
View attachment 302436
Business, Banking, and Politics: The Case of British Steel, 1918-1939
By Steven Tolliday
Obviously having two Irelands would be far too inefficient - typical of those Britisher nincompoops..."Cough" GB and Northern Ireland, who knows going for a Soviet style economy might actually make the Free State's basket case economy look better in this tl...
The chart (figure 2) records a noticeable increase in British GDP growth during wartime representing an effective mobilization for war. This suggests British were familiar with the benefits of modern techniques before the war, but in peacetime the benefits did not outweigh the costs involved. It is probable a tipping point would have reached without the war that would have been triggered the British to gradually modernize their industry to maintain their competitive edge. The British industrialists had greater access to funds than any of their likely competitors. Notably the British GDP growth initially declined after the war, suggesting much of the British modernization undertaken during the war had limited peacetime application.Well, it also showed how ww1 improved British productivity and industrial capacity. Most of the modernization in British industrial base happened during the war to support war demand, with the construction of the mainly electric-powered National Munition Factories, and with the increasing adoption of mass production techniques. The turning point was the formation of the Ministry of Munitions following the Shell Crisis. This also proved that Asquith was too passive and indecisive.
So you are saying the British demonstrated comparable productivity improvements to the Germans even before any British wartime or subsequent modernization programs...And even taking account of British productivity improvement, German prewar trend was still slight higher.
Are you sure? Liberal party did not shift to Keynesian approach until OTL postwar. Conservative? Protectionism but did not advocate large-scale public capital investment to overhaul infrastructures and industrial base. Besides, it was clear that there weren't any evidence of rapid adoption of mass production as well as centralization of electricity production before ww1. Not until MINISTRY OF MUNITIONS reorganized production. I have provided the example of optical industry. Britain would not modernize optical production like OTL without the war. A similar case would happen with dye, pharma and organic chemical industry. Measure like the formation of ICI would butterfly away without the war. Finally, the war had a big positive impact on motor vehicle, machine tools and electrical industries.This suggests British were familiar with the benefits of modern techniques before the war, but in peacetime the benefits did not outweigh the costs involved. It is probable a tipping point would have reached without the war that would have been triggered the British to gradually modernize their industry to maintain their competitive edge
Are you sure? Liberal party did not shift to Keynesian approach until OTL postwar. Conservative? Protectionism but did not advocate large-scale public capital investment to overhaul infrastructures and industrial base. Besides, it was clear that there weren't any evidence of rapid adoption of mass production as well as centralization of electricity production before ww1. Not until MINISTRY OF MUNITIONS reorganized production. I have provided the example of optical industry. Britain would not modernize optical production like OTL without the war. A similar case would happen with dye, pharma and organic chemical industry. Measure like the formation of ICI would butterfly away without the war. Finally, the war had a big positive impact on motor vehicle, machine tools and electrical industries.