Report Britains Post Industrial Economy in House prices and the economy Posted August 29, 2008 Agree with all your points, and, just to add one or two more and an anecdotal:If it is all about the brains (as the 'sixth largest advocate' keeps saying), and, if our 3 most significant manufacturing industries are sweeties, guns and biopharm, as shown by Michael E Porter in the Competitive Advantage of Nations - (now there is a boring book, but one that perhaps LGIR should invest some time in), then where has our bio pharma industry gone in the last 10 years, and where does that leave us as a country reliant on our brain-fired industry? Sweeties and guns? On to the anecdotal - I know my bipharma job went, as did those of all the scientists and engineers, many with PhDs, who helped develop and manufacture my inventions: The products are still there, but the research, development and manufacturing capacity has gone and cannot return easily. this argument is pointless-neither side will be persuaded that they are wrong. one thing we can all agree on is house prices are crashing.