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>Were there arguments back then similar to this piece? In the UK free market ideology allowed the tech industry to slip away and financial services to dominate
by tonyedgecombe 2mo ago
>Were there arguments back then similar to this piece?
In the UK free market ideology allowed the tech industry to slip away and financial services to dominate our economy. It's hard to see us doing anything else when we were relying on security guarantees from the US (which suited the US at the time).
- Schiendelman 2mo agoI don't think this has to do with a free market at all, I think it's because the legal instruments that allow healthy venture capital are much more difficult in the UK than in the US.
- tonyedgecombe 2mo agoI don’t think that has much to do with it. We were building a technology industry, there were some big players but it all went away. It’s not like there was no VC in the Uk either.
- Schiendelman 2mo agoWhy do you think it all went away?