George did not realize that an Industrial Revolution was starting right under his nose. 

He certainly did not intend it, and if he had realized what was happening, he probably would have attempted to prevent it, for he wanted to personally regulate all affairs in the British Isles.

When George did finally stumble into the fact that vast new industrial changes were underway, it was too late.

George had Parliament pass some laws trying to regulate wages and hours, and he passed some enclosure acts (requiring open fields and common land to be enclosed, and preventing the ancient rights of the country people to graze their animals there), but the revolution had already gotten away from him.

He tried to limit the advances to Britain so that innovations and production couldn't be exported to other countries, but he failed there too.

Confronted in America with rebellious colonists refusing to pay their taxes, claiming that under the rights of all Englishmen they couldn't be taxed because they were not represented in Parliament, George became increasingly frustrated and distraught.  History records that he became mentally deranged or at least suffered a nervous breakdown. 

Poor George.  He had two of the most marvelous opportunities of any monarch to succeed and to keep his subjects subjugated.  He failed at home and in the colonies.  No wonder he went mad!

Thus we see that the British rulers from 1603 to 1760 were generally a very weak, lazy, and incompetent lot, and it was during this 150-year period that the British people obtained and enjoyed more and more freedom, which culminated in a rush of industrial growth and development.