bristleposh wrote: ↑12 Nov 2017, 19:14I certainly agree with the privatising bit, that was probably the worst bit of the Heath/Thatcher regime.White G wrote: ↑12 Nov 2017, 15:48Socialism is a frowned upon word but what actually does this mean potentially for the UK? Railways going back into public hands? I for one have no problem with that as it still works all over Europe & privatisation has been a disaster. There's no doubt that any model has weakness but a completely free-market economy will not work, nor will communism. We need to get back to being somewhere in the middle if you ask me.
A far worse bit than mere privatisation was that thatcherism encouraged the get rich quick approach,(including privatisation at get rich quick prices) and without a general feeling of concern for the wellbeing for the whole country. No wonder there were almost no Tories in scotland Wales or Ulster for almost 20 years. She had abandoned them
It has led to the massive emergence of the financial sector to the detriment of all others, the complete southeast domination, and the complete lack of investment in each of manufacturing, infrastructure and in housing. The lack of a serious regional policy has compounded the errors.
Todays report from the Institute of Fiscal Studies has demonstrated that the policy of austerity has stifled growth, stopped the economy growing to the detriment of infrastructure, the NHS, prisons, schools and caused a standstill, at best, on wages, to almost all but the fortunate ones in the finance sector. The deficit is still with us without serious prospect of growth
and the twerp osborne (son of a baronet)dared to say "we are all in it together", whist stifling growth with his narrow minded policies., and ignoring all Keynesian principles.
The banking sector, not the labour party, were the major cause of the 2008 recession. Yet thatchers children got away with it, and Cameron blamed Labour
At the referendum we were described as the fifth biggest economy. Now the chancellor acknowledges we are the sixth, and falling. The nonsense, the catastrophe of brexit has barely hit us, , it will be like a tsunami.
Strong and stable??
We have the weakest government for 60 years , trumped only by the least cohesive (ie ineffective) Loyal Opposition for 80 years
Private Frazer would have a good phrase for it