Outwardly capitalism in Britain looks very different from what it was seventy years ago. No longer the centre of an Empire with a population of 400 millions, it is now a junior partner in Europe. Its navy, its trade and its currency no longer rule the world.
Equally great changes inside Britain reflect technical developments that have taken place in all the industrialized countries. Agriculture has shrunk from over 2 million farmers and workers to about 400,000, coal-mining from nearly a million to 300,000, textiles from 1½ million to less than half that number. The army of over two million domestic servants has largely disappeared, only to a relatively small extent replaced by the 730,000 employed in hotels and catering.