The best time to try and fix this is 20 or 30 years ago, but absent a time machine, the next best time is now. Either you feel this kind of construction process is national-strategic and you ignore the cost over imports, or not. If you don't regard this as a core competency which should be kept in the national register, then sure, buy the ships from other places. But, don't come whining when the national-strategic in…
>Right now, we're very far from Autarky and we're far too close to total dependency. The biggest problem with this thinking is that nationally mandated production is fundamentally unable to reduce dependency because national economic policy cannot increase aggregate output . That's to say when you politically prioritize to build ships the question always is what you aren't building instead, because all allocation con…
The trade off is worth making. It gives you the ability to survive if things go wrong in return for being slightly worse off in the meantime.
> It's actually worrying me quite a bit that people seem to have completely forgotten what a comparative advantage is. Free trade is good because it gets you more stuff
It can also mean very little more stuff. Part of the problem with our current system is that we will import rather than produce because its very slightly cheaper.
It would be ridiculous for the UK to grow its own tea, however it would be perfectly reasonable for it to aim to produce more of its own basic foodstuffs.