Should we stop selling the crown jewels of tech?
The UK has a rich history in tech, but many of Britain’s biggest tech firms are sold to overseas investors, with assets and know-how heading overseas.
Britain runs a free-market model, but many believe that there’s value in greater intervention. “In the modern world, all the national returns are in the profit and the share of income and assets,” said Dan Ciuriak, a trade consultant and senior fellow at Canada’s Centre of International Governance Innovation.
“This is where new national wealth is being generated – it’s no longer labour income [through taxes] that’s generating the money. If your economic strategy remains in the industrial era, you will see a shrinking as a percentage of global wealth.”
No matter how much money a
