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Showing posts with the label "british capitalism"
Britain "It was conflict inside the Tory party that led to the current political paralysis, a fact that Johnson wants the public to forget. In an insightful TV documentary made by the former Tory Minister Michael Portillo, party grandees explain that the Tory party is the oldest and most successful ruling party in the world. It ruled before the majority of British people had the right to vote, and it crystalized its power and philosophy in the period of an expanding British Empire.  However, as the Empire ended in the wake of two world wars, the British ruling class, its elite school networks, its aristocracy, its landowners, its bankers, and its large capitalist barons, could no longer rule in the old way. And during the same period popular reverence and respect for the elite faded away.  After WWII, British capitalism was forced to submit to the sway of American global power. Britain became the staunchest U.S. ally and pursued economic policies that came to be known a
Britain, Britons, Brexit, Bonkers ... The conditions are ripe for the biggest backlash imaginable One decline is related to another Why Britain doesn't have a Huawei of its own
"The report presented by GFC,  Financing Investment: Interim report,  provides us with a meticulous investigation of the failure of British capitalism to invest productively to deliver better productivity, incomes and employment.  The report exposes the failure of the UK banks to direct lending into productive sectors instead into speculative financial and unproductive property assets.  Thus, UK productivity performance is extremely poor, R&D spending is low and innovation is limited." Labour's interim report pn the UK economy