Absolutely correct! When was the last time a France or UK or Canada for that matter invented anything that was considered a game changer, think PC, iPod, etc
Technological, medical and pharmaceutical advances all require profit to provide capital. Socialist economies do not allow for profit thereby placing the burden on the taxpayers. Ultimately the system collapses under its own weight while the quality of service deteriorates and the country's population are driven to a lower standard of living.
How ironic you make such a statement using the computer and WWW, both British (English) inventions.
And the iPod was designed by a British man!...before you bash us you might actually know a little about your subject, mate.
The second best nation for invention and scientific breakthrough behind America is Britain. We invent and think pretty well. I suggest you read these links and learn what we useless Limeys have done:
http://www.britsattheirbest.com/ingenious/ii_21st_century.htm
http://www.britsattheirbest.com/ingenious/ii_20th_century_1971_1999.htm
http://www.britsattheirbest.com/ingenious/ii_20th_century_1950_1970.htm