From the same person that hepled make more long term & multigenerational unemployed. Ms. Thatcher only achieved a hollow victory when viewed over the long term. What wins were scored in labor relations have been dwarfed by the increases in people that knew no legitimate or steady work.Britain was bankrupt by a succession of lousy Labour governments. Thatcher saved the country by neutering the unions and most other rent seekers. That, and her administration proved a very good case why privatization is never a good idea. Coal mines closed, the Mercury telecom offshoot failed, amongst other things.The coal mines should have been closed. They were unsafe and unprofitable. So were most of the other ventures that were privatized.
From the same person that hepled make more long term & multigenerational unemployed. Ms. Thatcher only achieved a hollow victory when viewed over the long term. What wins were scored in labor relations have been dwarfed by the increases in people that knew no legitimate or steady work.Britain was bankrupt by a succession of lousy Labour governments. Thatcher saved the country by neutering the unions and most other rent seekers. That, and her administration proved a very good case why privatization is never a good idea. Coal mines closed, the Mercury telecom offshoot failed, amongst other things.The coal mines should have been closed. They were unsafe and unprofitable. So were most of the other ventures that were privatized.