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In Part one of his article Phil Mitchinson looked at the world situation and how this affects Britain. In this second part he looks at the devastation of British manufacturing over a period of decades as shown by the investment and output figures he provides. He goes on to chart the degeneration of the British ruling class, from its far-sighted predecessors to the current degenerates who can't see past their bank balances. This reflects itself in the present mess the Tory party finds itself in.