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Old April 9 2013, 09:29 AM   #72
Stoo
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Re: Margaret Thatcher dead at 87

Relayer1 wrote: View Post
During her reign 250,000 people in Scotland lost their jobs as coal mines closed and industrial giants such as Ravenscraig Steel Plant were shut. A highly skilled industrial workforce, was annihilated at the stroke of a pen. Heavy industry, at the time was inefficient, heavily subsidised, and in need of modernisation. Instead of operating on the patient, Thatcher switched the life support system off. The subsidies could be used as tax breaks elsewhere, to reward those middle and upper classes, who kept her in power. Secure, full-time employment in manufacturing, engineering, and heavy industry was replaced with low paid casual, temporary contract work in the call centre, fast food, and service sectors.
This strikes me as one of the most important bits. I wonder what could have been done (if anything) to make britain competitive as an industrial nation. Because otherwise, I think some of this painful change was going to be inevitable.
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