I certainly mourn the passing of 'industry' as it was - it's where I began. Regardless of how and why it disappeared it was in fact a fantastic institution. A great learning place. But more than that, it was the starting point, in my view, for the UK economy. I have done some self learning on this over the years to try to convince myself otherwise, but I can't say I've truly changed my mind. At some point, I feel, someone has to create something that someone else wants; isn't that the basis of an economy? And has to be able to sell it for more than it cost them. So, people pulling fish from the sea or carrots from the earth, it all has to start somewhere. Industry then supports a plethora of other people like net makers, boat builders, tractor suppliers, hauliers etc etc. Plus and this I feel is really important, these manual jobs gave somewhere for the less 'academically gifted' we'll call them, to work. Many left school early and went down t'pit around here.
So without that - where do people go? Not even the Army now, really. Everyone has the opportunity to go to university - or so they seem to suggest in this politically correct era. Anything to keep them off the dole for a bit longer, hmm. So, my Uncle -in-law is an economics lecturer and he's telling me that this is nonsense and we can have an economy based on banking and brains. He's a knob. But anyway for a while it did seem as though we could. In fact we can in part and it's a decent part of the economy now that I understand it much better. But it was interesting to hear, over the last couple of days since MT's death, people saying "and as we all know, you can't run a country simply on banking and brains"
Oh that's good then. Truth is that the equivalent to industry now is the service sector. I was in my local McD the other day, it's a very small one, and I counted at least 20 employees in there. TWENTY! All in order to make a couple of burgers. Thing is, who are they going to hire when there's a queue of young people looking for work? Why wouldn't they pick the very best. I keep telling my lad who's off to Uni this year, that he'll need a degree just to serve fries in a bit. And as almost everyone will have one, he'd better have a good one and some other talents beside.
At least back then you had manual labour to fall back on.
If everyone works in banking, who's doing the real work?
It has me worried, I have to say.
C