Re: Is their hardware history better or worse than their software history?
@AMBxx
You’ve muddled your cause and effect there. The decline in innovation can be ascribed to a short-termist, greed-is-good, attitude which came about, in part, through Thatcherism and imported Reaganism. The banks were supported through deregulation, resulting in the phenomenal rise of the City of London (supported also by being the main financial centre for Europe).
Sadly, part of the Thatcherist attitude also resulted in the mass sale of public business. In some cases this was good (the automotive industry), in other cases it was forced upon us (by the world bank, as a condition of further investment - we were once ‘the sick man of Europe’, how quickly we forget) and in others it was unnecessary, driven through sheer greed (public-private partnerships, railways &c.)
We had great, innovative British industry even after we joined the EU. Sinclair, Acorn, Apricot, Inmos, even Rover, Jaguar, Aston Martin, Reliant and more besides. Thanks to the short termist view, and no protection from our government, they were starved of the funds to invest for the future and sold outside of the UK - worse, in many cases, sold out of Europe.
We still have one or two innovative businesses - they’re the ones that are privately owned. Imagine what they could do if they could raise funds on a healthy stock market, safe in the knowledge that they could rely on government protection.