Well, I'll meet you halfway Mick.WW1, the poms borrowed money to...

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raiderup

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11/09/24

09:26

Post #: 75621101
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Originally posted by moorookamick: ↑

That's bulloney , mate.

The demise of the British Empire started
before WW1 when the beneficiaries (Big Houses)
started to go broke with some marrying yanks
with money to temporarily stave off the inevitable.

Then along comes WW1 and the Thucydidis Trap is set
and its all down hill from there.

Along came the Great Depression which wiped out Nuovo Rich wealth
and of course WW2 finished off the Empire ....

The Bretton Wood Agreement finished off the Pound Stirling as the
global reserve currency and replaced it with USD....Amen!

GB post war embarked on State backed manufacturing to
employ the demobbed soldiers and avoid a Russia 1917
type revolution but of course Keynesian Economics should be
regarded as a temporary fix for recession ; not a permanent one.
It also imposed trade barriers to protect its Keynesian investments

In 1973 the UK joining the EEC added to the failing
industries by requireing the dismantling of trade barriers
.... that's was the catalyst for the car manufacturing
collapse which was on the Government drip anyway.

And of course Japan came on the scene as a global manufacturer
in the late 60s/early 70s (like China now) knocking off British
motor bike manufacturing for a start.

While the USA now blames China for the demise of its manufacturing ,
the actual rot began in the early 1980 (recession) due to competition
from Japanese and German manufactured goods.(hence the Rust belt)

To say that trade unions destroyed Pommy manufacturing is a myth
because Unionised manufacturing in mainland Europe post WW2 (especially in Germany)
prospered post WW2 while that of the UK was in strife.

That is also true today even though the Ukraine War is impacting
German manufacturing due to sky high energy imput costs .

Even the manufacturing powerhouses of Japan & Korea have got their Trade Unions
so forget your anti-Trade Union bullshit, mate.

So to get back to topic:

Is China failing because it does not conform to the Western Capitalist/Democratic Model?

Perhaps we should also ask is the West led by the USA failing because it
can't compete with China?

I'll let y'all ponder on that...eh?

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Well, I'll meet you halfway Mick.
WW1, the poms borrowed money to fund the war.
WW11,the poms borrowed ,post the war.
At 1950, their debt was 200 percent of GDP.
Where are they now?
Down the shitter.

Raider
2 Upvote

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