Großbritannien in der Weltwirtschaft

Niedergang der Nation, Erfolg des Kapitalismus?

Abstract

The »decline« of the British economy has been stated by many people ancl has been describccl since the Seventies as de-industrialization. The left oflen sees the main culprits in lhe financial enterprises in London's city centre. But a closer investigation shows a more differentiatecl picture: many British enterprises use the City's international network for their own global expansion. As a result UK-located industry has declined, UK-based capital has been comparatively successful in global compeliton. An alternative concept of the left ean therefore not just consist of a nation-state-centered industrial poliey and a regulation of the City. Moreover, the task is lo reject the logic of international eompetition and the attempt to subordinate the market to social needs.