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achieve argued average balance banks become Britain British capital capitalist cause cent century civil companies compared competitive consequence continued cost countries course decline demand direct domestic early economic effect employment evidence existing expenditure explanation exports fact factors failure fall firms force foreign Germany groups growing growth higher important income increase individual industrial inflation institutions interests investment Italy labour less limited living maintain major manufacturing movement organisation output particular performance period political position post-war practices present problem productivity profits proportion question reasons reduced relations relative responsibility result rise role sector seems share social society spending standards strength structure successful supply trade union Treasury United wages weakness whole workers