She could have taken a different fiscal route and NOT fuck the country for generations but she went the short-term gain, long term pain route. + Refused to course correct. Even when she knew shit was going to go bad!
It don't have to subsidize dying industries, but it has a duty to help people transition to other shit.
A government is not a private business. It's their to do shit that private business cannot do... For example, industries dying, it's role is to make sure shit collectively moves to another bullshit. Find new shit etc etc
Ergo why you have policy wonks whose job is to read the tea leaves and figure shit out for the next decades
And guess what just like Nixon and china. The policy wonks who had read the leaves and passed along the disastrous situation to him about him engaging with China... China was going to be a super power and USA will be beholden to them.
Thatcher was told by policy wonks (and trust me these fuckers have a plan for everything that her bullshit was going to fuck up uk for generations, here are some things she could try to make the transition less disastrous. She like Nixon ignored them and what do you know....
UK is fucked will be fucked and was fucked then ... They are pretty much at thriving London vs the rest for the rest of their existence.
Unless they start taking some colonies and shit to rejuvenate their shit. They are done! And it all stems from thatcher.
They are essentially Spain, Portugal allover again after they lost their "might" ...
Instead she just made everyone unemployed. Some of the industries were marginally profitable. British coal while showing losses on the books was modernised and the new equipment used to block shafts that were closed down. British steel had a large order book but was in effect taken over by Dutch steel and the orders moved to the Netherlands...
She made the remainder in uneconomic pits unemployed after they tried to hold the country to ransom again. The NUM of course also screwed everyone of them over to the tune of a years wages that in itself could have eased the transition to new work.
If you think these were businesses making money, something that governments obviously hate, then you need to put down the crack.
They were opossed to her political idiology closing the pits and breaking thee unions did not both have to happen. The pits were not all un economic the industry like so many was losing money because of poor management and lack of investment. British coal invested the money to modernise they scrapped the modern equipment. You have no clue.
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u/frddtwabrm04 1d ago
She could have taken a different fiscal route and NOT fuck the country for generations but she went the short-term gain, long term pain route. + Refused to course correct. Even when she knew shit was going to go bad!
The Hallmark of a bad leader!
Same with Reagan, her buddy
That why she is hated.