frankbutcher wrote:This all started with a discussion about Thatcher. She privatised a number of industries that simply weren't economically viable in a nationalised model.
There were a few, such as the railways, that were not economically viable in a free market model either.
In terms of many of the Nationalised utilities, over two decades on we get a far worse deal than many of our European counterparts when it comes to energy bills - so you cannot say that the British taxpayer/consumer has benefitted from privatisation either.
With the spiralling cost of heating bills in the years since we have more excess deaths in the winter than any other European nation, including Siberia
http://news.bbc.co.uk/1/hi/health/1754561.stm
Another nationalised industry she privatised and destroyed was that of the Coal industry, simply for political reasons as there are still a third of a millenium's worth of the stuff unmined within the UK. Our power stations now run off of Oil from the Middle East - increasing our reliance on such a politically sensitive part of the world, as well as the fact that it costs us more to do so than it previously did when utilising our own coal reserves.
I agree that it may appear that she bribed a generation with right-to-buy, but i would argue that this was merely part of an ethos of empowerment of the masses.
The majority of people in the poorest 10% of the country actually own their own houses, so it's hardly a sign of empowerment that people seem to think it is.
The fetish for owning one's house is also a peculiarly British one. Most European countries, such as the Germans, are far less bothered about owning their own homes. Do we have a higher standard of living than the Germans and thus empowered as a result? Hardly.
She taught people that hard work produced results.
Unemployment was 1.4 Million when she came into office in May 1979, it has not been as low as that since and the figures have been changed numerous times to make the figure appear lower than it actually is. At some parts of her reign the jobless figure was as high as 4 million.
Her administration also originated the trick of shovelling many of the long term unemployed onto incapacity benefit where they were previously claiming unemployment benefit. She normalised the employment figure of being in excess of 2 million, so how can 'hard work' be a considered a virtue extolled by the Thatcher years?
The 1980s also saw the post war decade in which Britain produced its lowest economic output, so where does the phrase 'produced results' come into it?
Labour nowadays have bloated the public sector. Literally millions of non-jobs are unviable.
Surely most of today's economically unviable non-jobs would exist in the Banking sector - purely because without public funds and if left purely to market forces the entire industry would have gone to the wall.
The whole country will go bust if we don't cut back on a public sector that is (in parts) not viable and a welfare system that is raping the country.
Here are the figures in black and white
http://www.guardian.co.uk/news/datablog ... ed-picture
Note how the figure post-bailing out the banking sector from 2007 onwards is more than quadruple the figure by 2010. Note also that Labour had four years of a budget surplus until 2001, which coincidently is also the year we decided to invade foreign countries in the name of securing access to oil reserves.
This overwhelmingly shows that, far from caused by a 'bloated' public sector, the current financial detritus is overwhelmingly caused by using public finances to look after private sector interests and clear up private sector failings.
But the one thing that you can guarantee about politics is that both the Tories and Labour are as bad as each other, and everything they do is done to keep them in power. For Tories going easy on the Banking industry, see Labour pandering to the Trade Unions. Thanks you and good night.
Labour pandering to the Trade Unions? Sorry don't recall much in the way of industrial action taken by the Unions during 1997-2010. Certainly not in comparison to the 70s and 80s, so where have Labour pandered to the Trade Unions? [/quote]