posted on Jan, 29 2009 @ 07:50 AM
reply to post by budski
I never said anything about forcibly creating an industrial base. Britain is still strong in certain sectors- notably high tech science and defence;
lucury goods; food and drinks etc.
The government could do a lot worse than support these industries via tax breaks or incentives. The government could also support these industries by
creating an education system that befits a modern world. Instead of training hoardes of media studies, religious studies and other "soft option"
graduates, the government should double the tuition fees on soft options and eliminate fees for hard options like engineering, science etc.
China and India follow a unique consumer pattern. They prefer Western goods over their own goods, when given the choice. I know that in India
particularly (first hand observation), the "Made in England" tag is still seriously respected. Then take into account the Indian demand for Scotch
whisky in preference to local brands, etc. There are many examples of the emerging markets buying high quality, high priced items from the West.
I agree that we have a post-industrial economy. So let's try and create further competency within the sectors which we have a dominant position.
And as for the quality issue, the debate is entirely moot. Either I am correct, or this country is going to die. We cannot compete with India and
China on a manufacturing cost basis. Hence quality is the only other resort.
Have you any other solution?