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Originally Posted by aegyptos  You would be Moldova without Thatcherism. |
Its a shame that you haven't taken time out to construct a serious comment.
To appreciate Thatcherism you have to refer to deindustrialisation. Its certainly the case that we shouldn't get all in a panic with the term. Indeed, we'd expect such a phenomena as economies mature and we see gains in productivity and income (reducing the demand for labour in the manufacturing sector but increasing opportunities in the service sector). However, with Thatcherism we have to make a distinction between this "positive deindustrialisation" and the "negative deindustrialisation" imposed by right wing folly. Industry was lost due to its uncompetitive nature. Not because of the nasty ole worker (i.e. impact of trade unions as they try to buck market trends), but because of a disastrious monetarist experiment. Its rather amusing that right wingers look back at Britain's worst ever recession (which quadrupled unemployment) now as a "market correction". And they wonder why they cant be trusted?