I always read Rian Whitton, who is one of the best writers on industry. I am interested in his proposal here for the UK govt to finance British machine tool investment. However, I’m concerned that I don’t understand what spillover it is supposed to be correcting for. Might there be a deeper problem that is causing the issue, rather than a lack of foresighted state investment?
riancwhitton.substack.com/p/…