AsifA said:
The British Disease if I can put it that way is the propensity to make accountants managers. This was a fundamental error in industry that began in the 50's. The bean counters looking at short termism, the quick buck and the bottom line became a virus burrowing away silently into manufacturing sectors. What you report now is the aftermath of the consequences.. You put an engineer in charge, he understands the design and the product - as masterfully examplified by the Germans. Their managers are mostly ex - engineers. My friend worked for indesit washing machines in their product develoment and the short cuts he was obligated to follow - dont ask. I would buy a Bosche any day irrespective of the extra £100. Its built by an engineer and not a bean counter. I remember in the great shakeout of the late 70's " We are going to specialise as a nation in the service sector" cried Mrs Thatcher - eh where exactly are the first of the service sector jobs going these days - ah yes India. Like I said running on reserve and about to hit empty !!
Yep I agree with all this. I did a dissertation on the decline of the British Empire an Investment Based Analysis so I can speak with some knowledge if I may.
Germany and Japan had 4 times the number of engineers we had. I've said this before on this site, in the old days any work done with the hands were considered working class. That's why all the toffs studied Latin, the Arts and Music.
I also agree with Blades and Mr Charts, all the great inventors and creators from up North did it off their own backs using own reserves as the Banks - stuck up gits never lent a penny to your average man. They lent to building the railways in the US and to colonies in India big sums for big projects. They justify it because the returns were greater and less risky. Sounds like good old accountants had their finger in the pie from the start. Can't argue against it but this is where government and leadership have to come in imo.
Also, all the brand names like Raleigh bikes, Leyland cars and Massey Fergusson tractors went down the pan because management traded on reputation and didn't thing developing new models and engines and styles mattered. Along came the Japaneese + others and showed how it could be copied and much improved upon.
Accountants are ok but up to a limit. I don't know much about them but they shouldn't be managing companies but guiding and controlling them.
Finally, I think you can import a lot of manufacturing but you should maintain some degree of manufacturing. Ship yards, aeroplanes, railways, cars. This is all the bread and butter of life. Other countries now go to France or Japan to have them build their railway networks or buy carriages and trains from.
Why couldn't we achieve this?
I believe because of class and snobbery and looking down on labourers and engineers as a Cinderella discipline. Also, because investment on R&D and defence didn't get converted into manufacturing civilian products. Think of the money spend on Concorde and how much the bike or car industry could have benefited instead. Concorde was run at a loss but run all the same. All management and government could do was blame the unions.
Sad very sad.