This leads to stupid decisions like gutting the university sector, which is a major export industry.
This leads to stupid decisions like gutting the university sector, which is a major export industry.
Yes because the UK is overfinancialised to a ridiculous degree. It has deindustralised in doing so.
>This leads to stupid decisions like gutting the university sector, which is a major export industry.
I'd call it more of a major import industry. At the same time your doctors and such are leaving the country.
Besides, if these are so profitable why are they making the cuts you think? Is it that those degrees aren't exactly paying off in an economy that can't consist of HR departments and other PMC's?
Thousands of university job cuts in humanities and social sciences are creating widespread cold spots for languages, classics and theology degrees, the British Academy has warned.
[...]
The subjects with the biggest staff cuts were social work (-9%), English and classics (both -8%), anthropology (-7%) and linguistics (-6%).
"Universities brought in an estimated £24 billion to the UK economy from abroad in 2022. They provide services (education) to international students who bring money to the institutions from abroad through international fees. These students also bring money to the local economy by spending on goods and services while they are studying"
(presumably there's an attempt to imply that those are bad courses in some way, but you haven't shown your working)
Most countries didn't care much for the former other than historic reasons, but like the latter for obvious reasons (add £ to GDP).
That's changing due to "sovereignty". You can't build a satellite without metal profiles, wiring, tubes etc. Which requires manufacturing capacity for those. Which requires steel/alu/copper smelters & plastic extruders. Which requires plastic & thus a chemical industry.
This whole 'sovereign movement' is about keeping/bringing back capabilities across the stack which are deemed critical (like steel).
But I suspect there are few (if any) countries that have these dependency chains mapped out in detail.