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Topic History of: Corbyn - a plot?
Max. showing the last 5 posts - (Last post first)
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In The Know |
wjlmarsh wrote:
I agree with you ITK it was a good thing that gave many a chance. It was a socialist action by a non socialist government!!!!
the first time that a Capitalist venture - encouraging people to home ownership and having a real stake in their future - is described as Socialist .... lol ! |
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PB |
Pru wrote:
It beats me how someone who was commonly regarded as a crude, unoriginal and outdated thinker in the late 1970s, and who hasn't changed that much in all this time, suddenly excites so much emotion, either way. It's like shiny objects dangled before a newly discovered tribe.
Its fear, simple as
People are terrified that all the good work done will be destroyed by a further bout of mismanagement. |
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Spee |
Thatcher's 17% interest rates (B+3% really; 20%!) were an absolute disaster.
Businesses had to pay this extortionate rate on borrowings - to allow them develop and expand.
Currently base rate is .5%, although the National Debt is spiralling towards £2 trillion.
At an unprecedented level of growth. We simply are borrowing to pay our mortgage - and the Brexit uncertainty is becoming a serious problem.
The Tories just don't know what to do. And the DUP who are propping them up, have to be consulted...
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Pru |
It beats me how someone who was commonly regarded as a crude, unoriginal and outdated thinker in the late 1970s, and who hasn't changed that much in all this time, suddenly excites so much emotion, either way. It's like shiny objects dangled before a newly discovered tribe. |
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wjlmarsh |
In The Know wrote:
hedda wrote:
A legacy of Margaret Thatcher's beliefs that she knew better than others and who was determined to mold the country into what she believed was the ideal.
... which in fact turned out to be the ideal !
Highest ever home ownership (and thus having a stake in their future prosperity)
Highest ever employment
Highest ever employment NO not the case as mainly since the oil crisis 73/74 and certainly since the industrial revolution and now for many decades the world produces year on year more services and goods with less labour. An obvious situation not faced honestly at all. (e.g. retirement age should be going down not up!!! To reduce the available labour thus more available jobs less unemployment)
see www.economicshelp.org/blog/780/unemploym...yment-rates-history/
excerpts
1950's and 1960s "... The golden age of the 1950s and 1960s. The one prolonged period of full employment was the 1950s and 1960s. This was helped by the global post-war economic boom and also the commitment to full employment which was an important feature of the post-war consensus.
After the 1980-81 recession, unemployment rose even further. This rise in unemployment proved more persistent because it caused structural unemployment – resulting from the decline in the manufacturing sector.
Factors not noted in the article would be for one the measurement criteria changes. The lack of use of economically inactive figure which gives a constant figure as records % in work against available.
in the 1980s was that even during the boom period 1985-89, unemployment was relatively high.
But yes to homes "a good thing" - regrettably local government had their hands tied and were unable to replace much needed housing sold to council tenants. I agree about the sales, I agree with you ITK it was a good thing that gave many a chance. It was a socialist action by a non socialist government!!!! But a job half done not considering the full problem by not maintaining much needed levels of housing for those desperate UK citizens unable to rent at high rental level or buy a home. |
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