book review does not like the explanations offered by the book it reviewed, so it offers its own. This is the first paragraph:
"In the early 1950s, Britain was an industrial giant. Today, it is an industrial pygmy. Manufacturing was industry’s bedrock. In 1952, it produced a third of the national output, employed 40 per cent of the workforce and made up a quarter of world manufacturing exports. Today, manufacturing in this country accounts for just 11 per cent of GDP, employs only 8 per cent of the workforce and sells 2 per cent of the world’s manufacturing exports. The iconic names of industrial Britain are history; in their place are the service economy and supermarkets selling mainly imported goods. What happened? Was it inevitable? Does it matter?"
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