Open AccessGroßbritannien in der Weltwirtschaft
Author(s) -
Hugo Radice
Publication year - 1995
Publication title -
prokla
Language(s) - English
Resource type - Journals
eISSN - 2700-0311
pISSN - 0342-8176
DOI - 10.32387/prokla.v25i101.943
Subject(s) - industrialisation , state (computer science) , capital (architecture) , economy , political science , economics , market economy , geography , archaeology , algorithm , computer science
The »decline« of the British economy has been stated by many people ancl has been describccl since the Seventies as de-industrialization. The left oflen sees the main culprits in lhe financial enterprises in London's city centre. But a closer investigation shows a more differentiatecl picture: many British enterprises use the City's international network for their own global expansion. As a result UK-located industry has declined, UK-based capital has been comparatively successful in global compeliton. An alternative concept of the left ean therefore not just consist of a nation-state-centered industrial poliey and a regulation of the City. Moreover, the task is lo reject the logic of international eompetition and the attempt to subordinate the market to social needs.