It's a good analysis but probably over-fixates on shipping specific factors. The UK also lost its car industry, its steel industry etc. The root cause in most industries is the same, there were just too many Labour supporters and the unions got too strong as a result. From the comments: > I can relate to British union rules being head-bangingly stupid. In the mid-1970's I worked on the night shift as a spot-welder on…
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British cars could have remained competitive for a lot longer if labour relations had been like in Germany. Germany's organized labour is/was famously mild compared to the feral British unions that were run by open Marxists and did things like topple governments.