This is called mean reversion in history. The UK and Japan are small island countries. They lack the resources and manpower to sustain long-term industrial prosperity. Everything they have is temporary. In the end these industries flow to large nations with vast resources and large pools of technical talent. It used to be the United States. Now it is China absorbing Japan and Korea. This applies not only to shipbuild…
ive long held this take aswell. a lot of people point back at history, with the argument of "we did it before, we can do it now!" but whats to say it wasn't a transient? transients can last 1 year or 100 years, but in the latter case i think its 'hard' for us to believe that it was a fluke, because we view transients that last longer than a human lifespan with a bias of perceived permanence. how could the UK ever com…
Specialization is the answer. The bigger you are, the more fields you can be competitive in. But even regions much smaller than the UK can be world leaders in something, if they choose to prioritize that and play their cards right.