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The very success of Northern England in the nineteenth century may have also precipitated a great deal of its subsequent failures. The rail, coal and manufactu
by spacebanana7 2y ago
The very success of Northern England in the nineteenth century may have also precipitated a great deal of its subsequent failures.
The rail, coal and manufacturing industries crowded out other forms of enterprise economically. The related union / capitalist disputes crowded out other political activity.
Similarly the great agricultural “successes” of the Scottish Highlands in the 17th & 18th century crowded out everything else, leaving it something of a backwater ever since.
Perhaps something similar will happen to London when the time of finance comes to an end? Then finally the South West will take its turn being the heart of the British economy.
- devnullbrain 2y agoWe'll have the same thing for the whole country when the time of housing investment comes to an end. Why start a business when you could just buy another house?
- deleted 2y ago[deleted]