@ChrisMayLA6

In fact #totalfactor #productivity outside government appears to have declined slightly since 2019. Like you I think #capital has been over rewarded for what it has contributed so rather fancy returning to the #crosland and #peston idea of the state mobilising and providing additional #capital - as it did before #margaretthatcher - or even going further still and reviving the idea of 'the state as entrepreneur' in fashion half a century back!

@ChrisMayLA6

Strange as it may seem it is possible - and has been observed in practice - for an economy to experience rapid increases in income per head and indeed living standards with no noticeable change in its level of #totalfactor #productivity ,