Now here’s a thought. New research suggests that a strong industrial economy does not want to specialise in one thing but have lots of companies that specialise in related complex things. So, for example, the F1 industry in the UK should be a good thing for us and not just a “nice to have” add-on to our financial services sector.
Steve Keen’s post even has a pretty diagram to demonstrate the point, although I would like to know what all the green lines mean and why the UK comes so low when it produces so many products. Look forward to the published research