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by t0mpr1c3 13 days ago
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.

1 comments

The UK is still the world's 5th largest economy. It's a large domestic market, just not a hyperscale one.
Except out of the top 5, UK has the lowest manufacturing basis while 80%+ of GDP are service based.
27th?