By the Editor: This article is the inaugural winner of the Naval Review-BRNC Professor Eric Grove Memorial Prize. There is much to re-learn today that risk brings its rewards, that a battle-hardened attitude of mind promotes success, success itself breeds success and that success includes an essential link between the Navy, industry and trade. A commendable analysis by our navy’s future. By the end of the 18th Century Britain found itself as the undisputed master of the seas, and in possession of the world’s largest empire. To the British public at the time, it appeared as if this had ha…