Posted in News under Coalition | Liberal Democrats | Tories | on Jun 17 2010
It’s widely accepted, even in the Dem’ Con circles, that the Thatcher government’s disastrous economic experiments laid waste to Britain’s manufacturing and set the scene for today’s catastrophic recession. It’s disposal of social housing, the notoriously abused ‘right to buy’, and the privatisation of national assets at knockdown prices, led to huge windfall profits, the housing bubble and the crazy financial engineering that has now brought world economies to their knees.
Let’s not even think about the Major government’s sell off of the Railways, a black hole of asset stripping and eye watering levels of hidden subsidy (our money, matey) or Beecham’s pernicious ‘Report’ commissioned and promoted by, you’ve guessed it, another Tory administration, Macmillan’s, that led to the fatal destruction of irreplaceable national transport infrastructure. These were all huge strategic errors, some unwitting, some blundering, some, like the Thatcher experiment, suspiciously political; and we live with the consequences. Decisions of this magnitude very quickly become to be seen as immovable fact, and the real criticism of Labour is that it preferred to move on and try to improve what there was, rather than repair the damage. Well, the zombies have returned, and the two ancient political parties that have divided the spoils for over three hundred years, the Tories and the Whigs/Liberals have joined forces and are looking for revenge.
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