A nation of bankers and shopkeepers

capital-projectWhen my father could still speak, he would sometimes ask, “Do we really want to be a nation of bankers and shopkeepers?”  By which he meant, “Do we really want to become a nation that doesn’t make things?”  And, when talking about the nation of “bankers and shopkeepers,” he would inevitably mention England, a once-great manufacturing power that had allowed its amazing industrial advantages to wither away, leaving only “the capitalists,” who controlled and circulated most of the wealth, and “the shopkeepers”—everyone else—who retailed things. Continue reading