Why?

By 2030, we want a new industrial strategy – to be nationally diversified and
regionally distinctive – to have succeeded. There will be centres of technological and
industrial excellence in every nation and region of the country, with our strengths in
services complemented by a renaissance in manufacturing.

There hasn’t even been a shrinkage in manufacturing. Output is up at or about record levels. It’s employment in the sector which has fallen, plus services have grown faster.

And, of course, comparative advantage. If the Germans are better at it than we are then let them do it.

4 thoughts on “Why?”

  1. If someone sells MP3s from a website, is that classed as manufacturing? It’s a thing being produced by a machine, an HTTPS stream of bytes from a server. That’s no different from a machine stamping out metal washers, but I bet it’s classed as services.

  2. ‘There will be centres of technological and
    industrial excellence in every nation and region of the country’

    Reichsleiters and gauleiters.

  3. ‘… new industrial strategy…’

    Central planning of the economy = Socialism/Fascism… yes please because it works so well.

  4. Hold on, is this the same person that was decrying the regional disparities in the economy a couple of threads back, now setting a target of having regional disparities in the economy?

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