Really interesting and well researched read. The main take away seems to be that Britain has seen a lack of state funded infrastructure development and it's paying the price for this, especially in the energy sector. I'm obviously oversimplifying, but I think that's an ok rough summary. I think it's well argued and evidenced in the article, but I'm interested in this question: why isn't the US stagnating? My understa…
There is a high degree of regional specialization in the US as a consequence. No matter what happens in the world, some part of the US is perfectly positioned to take advantage of that. Combine this with general American risk tolerance and business acumen, and you have a country that is unusually organically adaptive to changing global economies.