Where Politics Meets History 11. China in You're Banned
Apr 15, 2025
The discussion kicks off with Britain's industrial past, focusing on the significance of British Steel and the cultural touchstone of Edwardian doll's houses. They delve into current political tensions, including China barring a Lib Dem MP from Hong Kong and the implications of Brexit. Additionally, there's a humorous take on aging celebrities, and a reflective look at Romania's stance on the Ukraine conflict. The hosts also touch on Germany's political shifts and the evolving role of the British monarchy in a modern context.
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Coal Key to Industrial Revolution
- Britain's first industrial revolution was mainly enabled by its vast coal resources, about 80% of the world's in 1700.
- Despite historical success, current high energy costs undermine the competitiveness of British steel production.
Concerns Over Chinese Steel Ownership
- The Chinese company owning British Steel likely sees it as unprofitable and may want to exit.
- Allowing Chinese ownership of key industries raises concerns about national security and strategic intent.
Virgin Steel Production Challenges
- The British steel industry must import essential raw materials, questioning viability of virgin steel production.
- High energy costs add to the uncompetitive nature of UK steel manufacturing today.