I'll add, and I think I've mentioned this before, both the US and UK have pursued a strategy since the 1960's of reducing its manufacturing economy in favour of a 'service' based one e.g. a shift away from making stuff to banking and finance, or what I prefer to call smoke and mirrors. In the USA the industrial economy shrunk from around 25% to under 10%. Here in the UK the contraction was greater from 33% to around 8%. Disastrous for the UK in particular, as unlike the US we're a very small country with limited natural resources and we've seen the consequences with a stagnant economy and limited options for stimulus, as almost everything of value has been off shored or sold off.
With a reduction in industry, the education system pivots away from practical and technical skills, and within a couple of generations the knowledge is lost or greatly reduced, at least from that country.
Where's it gone to- initially Japan, South Korea, but once Nixon went and shook hands with Mau, China. Then there's enormous amounts of money being pumped into India, culturally significantly different from China but enormous human resources.
With a reduction in industry, the education system pivots away from practical and technical skills, and within a couple of generations the knowledge is lost or greatly reduced, at least from that country.
Where's it gone to- initially Japan, South Korea, but once Nixon went and shook hands with Mau, China. Then there's enormous amounts of money being pumped into India, culturally significantly different from China but enormous human resources.
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