Someone mentioned firms such as STC and Marconi a few days ago in relation to Huawei, it's often the case (coincidence I know) that subjects discussed here end up in the Newspapers. Here is a section from an article in the Guardian.
"It’s tempting to view the UK’s dilemma about Huawei as an unfortunate consequence of being caught in the crossfire between two superpowers. But in many ways the UK’s predicament can be traced to its own domestic policy failures. When Huawei was founded in the late 1980s, it was the UK – not
China – that was a world leader in telecommunication technology. With homegrown firms such as STC, Racal, GEC, Marconi and Ferranti, the UK was second only to the US when it came to telecoms ingenuity. But in the following decades, successive UK governments allowed leading telecoms technology companies to be taken over and sold off to overseas firms. In thrall to free-market orthodoxy, British manufacturing and industry was sacrificed in the interests of the City of London and the financial sector. "
The complete article can be found here.
The real fear for the US and the UK is that China’s authoritarian economic model could spell the end of liberal capitalism, says Laurie Macfarlane, economics editor at openDemocracy
www.theguardian.com