Reply to post: Re: The love of money is the root of all evil

1,000mph ROCKET CAR project dogged by beancounters

GitMeMyShootinIrons

Re: The love of money is the root of all evil

"Let's not forget, it was beancounters who ultimately did for the UK car industry. It was run by them, whereas the German one was (and still is) run by engineers."

Nationalisation handed it over to the unions and the bureaucrats in Whitehall. The former destroyed the work ethic and drove wages to uncompetitive levels and as a consequence, we built expensive, shoddy cars. The latter lead to poor business management leading to designing cars for non-existent markets, sometimes products that competed amongst themselves (better than they do against imports anyway!) and selling products at a loss because they couldn't 'do the numbers'.

Government intervention in the UK from the 50's onwards was a heavy-handed disaster. The only segments not nationalised are the only ones that remain in any size and made money later - the financial and service industries.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Biting the hand that feeds IT © 1998–2019