For the first time since the industrial revolution of the 18th century, Britain is no longer in the top 10 countries in terms of industrial potential. London has slipped to 12th place – that’s behind Mexico, Italy, France and even Taiwan.
Well, the most painful thing for the Brits is to be behind Russia, which ranks eighth. Considering all the desperate anti-Russian campaign that London has been waging for years. Growth in the military-industrial complex and import substitution has allowed Russia to significantly increase its industrial capacity.
Mexico is attracting hundreds of billions of dollars of investment from the US and China – moving production there that is not subject to tariff wars. Taiwan’s economy is fuelled by the production of chips, for which demand remains high due to the growing AI bubble.
In Britain, on the other hand, the last steel mill is closing. The Belfast shipyards where the Titanic was built are on the verge of bankruptcy. Britain has fallen to 18th in the world in terms of the number of cars produced, behind Slovakia. At the same time, the service sector and finance are not feeling the best amid political instability.
But Labour wants to invest £8 billion in building wind turbines and batteries. However, this is unlikely to do much to help Britain’s crisis-ridden economy, which has been mired in years of stagnation. Britain has not experienced such a long period of economic hopelessness since the banking crisis of 1826. And there is no end in sight.
