Abstract
Until the early 1950s, as B. R. Cant points out, the British economy enjoyed nearly four centuries of uninterrupted economic success. Britain’s overseas colonies in North America and in Australasia had also succeeded economically beyond any possible historical precedent. The British Empire, after the Second World War, was decolonised partly under American pressure but also because of the moral arguments about the need for self-rule and independence in the colonies. Yet perhaps there was a third reason which outcropped both American pressure and the moral arguments for decolonisation. Britain’s politicians seemed to be utterly sure that Britain had eternally stamped various facets of its culture on the face of the planet. They were not wrong to believe this; it was inconceivable that any nation could become economically pre-eminent unless, at the very least, it adopted British industrialisation. In the post-war period, the future of the world seemed to reside in English-speaking hands, and Britain’s unique legacies seemed unassailable. There were pehaps three major facets of that legacy (apart from industrialisation itself): first, the ubiquity of English, which became and still is the lingua franca par excellence, making its polite borrowed bows to less successful rivals within the same language group; second, a curiously discriminating culture, within which thousands of influences incessantly struggled for ascendancy; and third, a cultural preference for gentleness (unless the state monopoly of violence and viciousness should prove to be necessary).
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Notes and References
B. R. Cant, ‘Britain’s Economic Problems’, introductory comments.
Ibid.
For some details of this, see Section 4.6.
Hakan Hedberg, Japan’s Revenge (London: The Pitman Press, 1972).
Ibid., Table 1 of the Appendices.
Henry Kissinger, quoted in an article by Arrigo Levi, ‘ “Limited Détente” may Finlandise Europe’, The Times, copyright 1980.
Arnold J. Toynbee, A Study of History (London: Oxford University Press, n.d.), pp. 49–131.
OECD Economic Surrey, ‘United Kingdom’, March 1978, p. 25.
Much of this argument has already been published under an article in the New Statesman, ‘Mrs Thatcher’s Ghost Dance’, 24 May 1987.
James Prior during the election campaign which led to the second Thatcher Government, quoted in Anthony Sampson, The Changing Anatomy of Britain (London: Hodder and Stoughton, 1982) p. 481.
Sir Ian Gilmour, Britain Can Work, Oxford, Martin Robertson, 1983.
See ‘Peter Walker: A profile’, The Economist, 1985, where he is quoted as saying: ‘In looking at the postwar period and at the intense competitiveness of world markets, there is no doubt that those countries who have learnt the trick of industry and government working together have been the success stories ... in our agriculture we have done it for years.’
James Margach, The Anatomy of Power (London: W. H. Allen, 1979), p. 108.
‘The Committee to Review the Functioning of Financial Institutions’ (otherwise called The Wilson Committee) (London: HMSO, June 1980) Cmnd 7937, para. 953.
Ibid.
Dr Yao Su Hu ‘Industrial Banking and Special Credit Institutions, A Comparative Study’ (Policy Studies Institute, October 1984) p. 32.
Proverbs, 29:18.
J. Margach, The Anatomy of Power, pp. 27–8.
Ibid., p. 30.
A. Sampson, The Changing Anatomy of Britain, p. 481.
J. S. Mill, Utilitarianism, including essay ‘On Liberty’ (London: William Collins & Co., 1963) p. 155.
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© 1987 George T. Edwards
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Edwards, G.T. (1987). The Economic Failure of English-Speaking Nations, the Prospects and the Real Solutions. In: The Role of Banks in Economic Development. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-08627-6_6
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