Quote:
Originally Posted by Hood
A slight misunderstanding. I mean that the UK is now providing a lot of money for no gain in order to prevent other European countries going bankrupt in the current Euro crisis eg Spain, Greece, Italy, Portugal, Ireland etc. Trade is very important of course and the change in the UK's industry has its basis in many factors not all of which can be controlled within the UK's borders or by its electorate eg the rise of cheap manufacturing in the far east.
Hood
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Well it's no different from what the US did with the Marshall Plan, creating economic submission. It might look stupid to the average citizen, but it's the ABC of speculative finance.
The change of the UK industry is a mystery to me: take the automobile industry, yes, you never really made anything impressive out of it (apart for one or two luxury brands), but with the improvement of technologies and with the foreign know-how, you could have kept a strong independence on that. The problem is that, as usual, British engineering is a bit too much revolutionary, and apart for one off stuff like the Mini, you came up with abortion like the Robin Reliant.
but I digress, I think that considering the actual situation, the UK economy is one of the strongest and less handicapped of the planet (Germany and France could probably be better, but they're crippled by the Euro).