It wasn&#x27;t socialism, more protectionism. Investment in defunct industry and lack of investment in new technology for fear that it would overshadow the old craftmanship.<p><a href="https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=9fHDWoQuUZo" rel="nofollow">https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=9fHDWoQuUZo</a>