You might recall that when the UK found itself in possession of oil reserves there was much talk in the government of using the bonanza to revitalize industry. This was in the latter half of the 1970s. The government changed and all that nonsense was put in its proper place (the trash). In fact things went the other way with an orgy of privatization which did do a lot to release money for the economy but eventually led to a bit of an economic hangover.
Biting the hand that feeds IT
