There are better renditions of Jerusalem on the web, but the Flying Circus crowd are amazingly good.
. . . And:
The idea here is that capital cuts in service of the Labour Government's pursuit of the New Jerusalem in the 1940s led to bad motorcycles in the 1970s. That is, to the collapse of the British motorcycle industry, and, more specifically, the bankruptcy of BSA in November of 1972.
Well, okay, that's the vulgar read, which I would attribute to Correlli Barnett if I could be bothered to read Lost Victory and find out whether he is even aware of the 1947 capital cuts. For now, I'm going to satisfy myself with David Edgerton's review in the London Review of Books, which is pretty boss, and the fact that Barnett showed up in the comments to whine is priceless. That David allows the concession that the Brits could have reduced their calorie intake to German levels to squeeze out some more capital also allows me to go on for a bit about food and health at the bottom of this post.
I probably shouldn't be promising more on food and health than I can deliver. My hunch is that there is a huge issue here, but what I've got right now is a silly and tendentious man on RT. As for whether the 1947 capital cuts had any real effect, much less knocking on to the failure of BSA and Norton Villiers Triumph in the mid-70s, it all turns out a bit anticlimactic. Non-vulgar economic historians don't think that the cuts even happened.Since this is an appendix to a postblogging entry, and not a definitive statement about the effects of these capital cuts, I am going to feel out the extent to which it is possible to push back against that consensus.