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Content about Ohio

May 4, 2010

On the 22nd of February, the Register, a UK technology website, published an article entitled "The Myth Of Britain's Manufacturing Decline." What, I wondered, could a publication that focusses on IT and finds "amusing" positions to place Playmobil plastic characters know about British Manufacturing? As I read the article, I realised the answer is, nothing.

The author makes one fundamental mistake. Its not his fault - its the same mistake just about every modern economic commentator makes when discussing economy - to assume that economic value and monetary value are the same thing.

The author of the Register article begins with a graph (below).

Index Of Production

The author of The Register article wrote: