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"Not so much productivity as political power" ...

... I don't see any contradiction to what I said, you've just gone into more detail how British textile production arrived at its productivity advantage by the mid-1800's. That alongside the tariffs on British steel rail in the US, are a big part of the inspiration infant industry development policy pursued in Latin America after WWII.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Sun Sep 1st, 2013 at 07:15:01 PM EST
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