For those sick and tired of Thatcherite (neoliberal) fantasies about us all being 'better off these days', here are a few indisputable facts. I'll keep this as short and simple as possible - sorry about the 'averages', but there's a brief disaggregation below. In the 1970s,
Difficult. Next financial crash - best case 25 years, worst 5. The fundamental issue is the ability to repay interest-bearing debt.
I lived through it. You're a lying ****. Get off my timeline.
Yes, Thatcherism was continued by Blair and all who succeeded him. Thatcher called Blair 'her greatest achievement'. Only people who nothing about politics and economics are unaware of this.
No, taxes don't pay for public spending. You don't understand fiat money systems.
🤣That's one the most simple-minded analyses of the 1970s troubles I've heard. JFC. How old are you? 12?
Kept it short. Have written at length about deindustrialisation.
Whoops, correction - house prices, not mortgages, can be up to 8 times salaries.
Yes.
Steel. Consett. Making a profit when we were closed in 1980.
That's what I meant - I suppose I could have said 'led us through' but I'm sure most people got it.
Simplistic nonsense. The oil shock was mismanaged. Do some proper research.
Visited llford for a funeral a couple of years ago. What was once a thriving, wealthy community decimated.
It's called public investment. But the 'bond markets' don't like it. I'd love to teach you macroeconomics but I don't have time. So don't be lazy, research it yourself instead of sitting around talking bollocks.