Modernization Frustrated by Scott Newton, Dilwyn Porter - 9781041169871

Modernization FrustratedThe Politics of Industrial Decline in Britain Since 1900\nAuthor(s): Scott Newton, Dilwyn Porter\nFormat: Hardback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781041169871, 978-1041169871\nSynopsis\nFirst published in 1988, Modernization Frustrated (now with a new preface by the authors) is a provocative analysis of modern British economic and political history. It takes as its central theme the ascendancy of the core financial institutionsthe City, the Bank of England and the Treasuryand argues that, in the legitimate pursuit of their own interests, the financiers have committed the British state to a liberal economic orthodoxy, which is very often at conflict with the best interests of British producers.\n\nTracing the roots of this financial ascendancy back to the 18th and 19th centuries, the authors highlight how early industrialists were excluded from circles of wealth and power due to class prejudice, a legacy that.