British industrial decline traces to outdated machinery by the 1960s
Evidence
The lamentable history of the British motorcycle industry is in part based on this problem, as contrasted with the Italian industry. When as a schoolboy in the mid-1960s I worked in two light engineering factories in South London, the mass of the older machinery was British, while the only modern equipment was German. — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 474
Categorization
- XREF: connects to: Hall linked post-war industrial decline to transformed consumer culture and new symbolic meanings