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by thorin
223 days ago
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Same reason it got out of every other industry. It wasn't short-term profitable. After the 70s at least everything began moving to the private sector and there was no strategic thinking. This completed in the 90s and there was no reason for anyone to think that semi-conductors, minerals, even oil and gas now shouldn't be bought from a friend rather than being produced internally. |
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For the vast majority of its history the UK shipbuilding industry was completely private, and dominated by many small shipbuilders. Consolidation only started after the UK government stepped in to provide some kind of sensible strategy to improve the competitiveness of the industry, via government loans tied to longer term strategic goals to improve productivity.
Ultimately it seems that the UK shipbuilding industry was kill by the thing that once made it so dominant. It was a highly distributed, extremely flat, high skilled industry, with little to no management. It made it easy for the industry to rapidly grow and shrink, and made it extremely effective at producing bespoke products. But as the world moved towards standardisation, those strengths became weaknesses.
The lack of management structure made it impossible for the industry to properly recognise the issues, or effect change to fix the issues. And the world moved towards standardisation, which gave a huge advantage to shipbuilders that built up capital intensive infrastructure that allowed the use of lower skilled labour to produce standard design quick, cheaper, and to a higher quality, than the UK distributed, high skill, labour force.