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Additional info for Capitalism, Culture and Decline in Britain: 1750-1990 1st edition (1993)

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This movement, therefore, had little or nothing to do with any factor in Britain’s underlying culture, elite educational system, or fundamental system of values, but was, again, an entirely rational economic response. On the contrary, a detailed and clear-headed analysis of Britain’s culture, elite educational system, and fundamental system of values reveals that Britain was always unusually positivistic in its 24 THE ECONOMY AND THE ‘CULTURAL CRITIQUE’ culture, and rational, moderate, and pro-capitalistic in its values.

Economy. 50 Another related area in finance in which many would probably judge Britain’s structure and performance to be historically superior to that of the United States is in the respective branch banking networks in each country. From the late nineteenth century onward, of course, British 37 CAPITALISM, CULTURE, AND DECLINE IN BRITAIN discount banking has been overwhelmingly dominated by the Big Five (Big Eight prior to 1919; now the Big Four) high street banks, each with hundreds of branches throughout the country, and traditionally including some mortgage (especially commercial) finance and the accounts of local small- and medium-sized businesses as the backbone of their trade.

By 1910, Lancashire and the West Riding (together with Glasgow and the West Midlands) clearly and unarguably had to share this distinction with the industrialised areas of the United States, centring on the Great Lakes, and with the Ruhr region in Germany. By 1990, manufacturing industry centred, in descending order of prominence, on the rim of east Asia, second in the industrial heartland of the continental EC, especially in Germany, and third in the older and newer manufacturing centres of the United States.

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