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by spiralpolitik
5212 days ago
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UK Manufacturing died because of the decision by the Thatcher government to privatize previously nationalized industries and abandoning the policy of full employment, happily accepting 2-3 million unemployed if it meant cheaper goods and services in the short term. The unions certainly didn't help their cause, but it took two to tango to create the mess that is the UK economy. |
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She had to privatise industries because they became ridiculously uncompetitive and expensive to run.
During the previous socialist government the number of public sector workers increased drastically.
British steel was haemorrhaging money. And the unions response? Demand pay increases and strike. Same with the coal industry.
Would you rather she kept us paying billions in ever increasing public sector wage demands?
"Full employment" should not be a policy. You don't spend public money employing unproductive workers in useless public sector jobs just for the hell of it.
Full employment is something that happens naturally when individuals take responsibility for themselves.
The UK economy is a mess because of drastic overspending by socialist governments. Something we're having to put right (again). Shame the lessons of the 70s/80s weren't learnt.