Originally posted by Incognito
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Yes but they were privatised too fast without being stabilised. The French stabilised Renault with a lot of patience (things were worse there, the MD was assassinated by a left-wing group!). My point is that Thatcher was more interested in teaching bolshie left-wingers a lesson (which of course they needed) rather than looking to the long-term future. And for that reason she fails my test as a great and visionary leader.
As to your examples, yes there are still pockets of excellence in manufacturing in the UK e.g. aerospace, weapons, pharmaceuticals but much less than there should be.
For about 15 years we have been told that manufacturing is not viable for a western country, yet Germany recently had record breaking exports. It seems our leaders are justifying their decision after the event.
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