Tuesday, 2 February 2016

The Curse of Thatcher

The curse being that we can never get to the nitty gritty; instead we all must agree she was an awful woman. She destroyed our industries, didn't she?

Typical is this bozo-ish twaddle from the SNP's Martin Hannan in the Evening News -
The woman had almost single-handedly destroyed much of Scotland’s heavy manufacturing industries, not to mention the Scottish coal industry, with her economic policies that made efficiency her God....
Instead of the state investing in renewing those heavy manufacturing industries, as happened in so many other countries, the communities .... were devastated by government inaction.
Presumably her motive was badness - we should throw that in too. There were no problems before she arrived. These were good profitable industries, or else they just needed a teeny bit of investment. Right? Or is there another story here? 
Something which is actually that investment was going elsewhere - to places where labour was flexible and costs low. So you can invest all you want, but you're not going to make t-shirts cheaper than Bangladeshis can, with their 12 hour days, slums and stinking factories. Nor steel. It's a problem. Actually, it's a bit of a tough one.
Maggie Maggie Maggie!!! Out Out Out!!!!


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