[jarym]

Yep, same can be said of manufacturing capability in general. If you don't have a manufacturing base then inevitably when there's a war you may find yourself unable to build defense components.

[t0mpr1c3]

Supply chains are so diversified that self sufficiency is only feasible for countries the size of US and China.

Russia has been forced to cannibalize jet planes because sanctions have starved it of spare parts.

Even the US Navy gets its ships built in South Korea now.

Britain's remaining industries are very niche. With a small domestic market, you can't get economies of scale. You have to specialize.

[dukeyukey]

The UK is still the world's 5th largest economy. It's a large domestic market, just not a hyperscale one.

[warumdarum]

27th?

[ksec]

Except out of the top 5, UK has the lowest manufacturing basis while 80%+ of GDP are service based.

[t0bia_s]

Thats what comrades tried many times in history, allways with deadly costs.

[Incipient]

I'd say you have to have a really solid/creative (ingenious?) plan beyond "just nationalise it and she'll be right" - otherwise yeah it'll just be heavy and a drain on the economy.

[t0bia_s]

Centrally planed economy don't reflect actual demand among people. Also cannot implement theory of games.