what a bizarre article, completely disconnected from reality. in what world is manufacturing, a sector that has been neglected for decades at this point, having any sway on politics in Britain.
why does The Economist have so much disdain of manufacturing and people who work in it? look at China, look at their manufacturing industry and what they are able to do with it. then look at the UK, who is struggling to build Hinkley Point C, or HS2 (projected to be the most expensive high-speed rail in the world btw). The Economist is an absolute f*ing joke.
>in what world is manufacturing, a sector that has been neglected for decades at this point, having any sway on politics in Britain.
Are you confusing the lack of effective interventions with "neglect"? Nearly every administration in the past decade had some sort of an industrial policy, but even though they failed to bring manufacturing back to britain, that doesn't mean "neglect". It just means the forces of globalization is too strong.
> look at China, look at their manufacturing industry and what they are able to do with it.
"look at China" what ? Have you seen the population size of China ? Have you seen the geographic size of China ?
Remember what is often said when Mr Trump talks about bringing tech manufacturing back to the US ....
Yes great idea Mr Trump. But even with the most generously optimistic figures, due to the lack of available workforce and space the US could only ever provide the capacity equivalent to one Chinese manufacturing town of which the Chinese have dozens.
The Economist is a mouthpiece for the money power, specifically the banking interests of the Rothschild and Cadbury families. The idea of making money by making things (as opposed to arbitrage) is anathema to them.
The point is that manufacturing is a relatively small part of both the economy and the job market; AND the popular view of manufacturing (large plant staffed by a large number of men being the dominant employer of a nearby town or city) doesn't look anything like the reality of modern manufacturing (small run boutique high value stuff like satellites and turbines, highly automated and professionalized, relatively small number of employees).
This leads to stupid decisions like gutting the university sector, which is a major export industry.