May 08, 2005

UK's dysfunctional Capitalism

Text of a letter I've just sent off to Coventry Evening Telegraph…

Sir Digby Jones, chairman of the Confederation of British Industry was reported in the Evening Telegraph as not being worried about ex-Marconi workers getting jobs in the UK, but showed concern about whether these jobs would be in Coventry. I disagree. Most of the engineers I know who left Marconi have changed career. Their specialist skills are lost.

Unfortunately the public debate usually confuses the problems of Rover and Peugeot's Ryton plant with those of Marconi. Although all three firms are in engineering, the car is a mature technology while telecommunications is still in its youth. With a mature technology the focus is on manufacture, with a young technology it must be on innovation. Although Rover didn't invest enough in innovation to even to keep a car company on its legs.

We are told that we face intense competition in manufacturing from eastern Europe and the Far East, to survive engineering must focus on innovation and customisation. Yet the low spending on R&D throughout British industry, Marconi's fall and the exodus of its workers out of high technology shows that the UK has lost the plot.

- No comments Not publicly viewable

Add a comment

You are not allowed to comment on this entry as it has restricted commenting permissions.

May 2005

Mo Tu We Th Fr Sa Su
Apr |  Today  | Jun
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31               

Search this blog


Most recent comments

  • I find this really incredible! Since your original post though, have you found the number of 'offend… by Driving Lessons on this entry
  • Oh. Perhaps my thinking is getting more dialectical? What exactly did I say which you felt was in co… by on this entry
  • Now this entry sounds more like the George Riches I remember than the one at lunchtime questioning t… by Robert McGonigle on this entry
  • An incident in Swindon 2006 by on this entry
  • An Italian motorcyclist was murdered by barbed wire across a track last April Story in Italian Googl… by on this entry

Blog archive

Not signed in
Sign in

Powered by BlogBuilder