r.soleofsalford
Well-Known Member
Ducado said:masterwig said:Thatcher did that. Mass privatisation which means the people owning the industries are in it for profit with shareholders to answer to and it's cheaper to operate abroad. It's therefore inevitable that industry will head elsewhere.
Labour did nothing to halt the privatisation and they should be criticised for that but ultimately Thatcher started it off.
So you are saying that nationalised industry worked? Like hell it did, they were inefficient and loss making, and who picked up the tab, the taxpayer!
Are you sure she decimated industry? Sure in the early 80's interest rates were too high, but the country needed to adjust, what happened would have happened regardless.
I am not saying the Tory governments of the 80's and 90's were perfect far from it, they did much that I disagreed with at the time, however if they would have kept in power we would not be in the mess we are in now, and yes we face one of the biggest economic crisis every faced by this country
i beg to differ, we are in the mess we are in thanks to thatcher. manufacturing industry was looked down on. while financial institutions and the service sector were revered.
it wasn't manufacturing, that brought this country to its very knees, or even striking miners, but the greed of the financial institutions of the USA and the city of London,
her contempt for our heavy industry`s and its workforce was blatently obvious. yet its the city that are still profitting for our country and its peoples plight. if david campbell get`s in these are the very people that will profit again by tax cut for the extremely wealth.