Well, first, any semblance of a strong local economy must be killed. Blame whoever you like for the demise of manufacturing – dopey bosses not checking their rearviews for the foreign competition, the three recessions of Thatcher and Major, New Labour writing off industry to chase the mirage of a “knowledge economy” – the outcome has been a manmade disaster.
What we have had is a demise of manufacturing employment: which is a terribly different thing. It’s also something that has happened globally. Yes, even with China, there are now fewer manufacturing workers than there used to be. Because productivity in manufacturing has risen, is rising and is going to keep doing so. Automation doncha’no’.
The Guardian’s senior economics commentator
It’s a fairly large problem for the paper that its senior economic commentator is simply ignorant of recent economic history, isn’t it?
Especially what with him actually being an historian.