Bring back Maggie

[BlasterBates]

In the early 90's I thought the UK had it wrong and Germany had it right, by 2000 when Germany had 5 million unemployed I'd switched my opinion.

But now I hear the US is heading for an unemployment rate higher than Germany ever had (15% on CNN), and Germany unemployment is heading down, though it may temporarily rise. I reckon the UK unemployment will be bad as well, over 10%.

It looks the tables have turned yet again.

Who's right?

[DodgyAgent]

DA would you agree that the unregulated free market is to blame for the mess we're now in? My take is that the Conservatives were successful in turning the country around, but that the mantra of monetarism and free market ideology over-rode common sense. That is always the case when a group of people think they have found the "truth" whether it's right or left-wingers.
History tells us that reality in economics is always somewhere in between.
I would also argue that in an age of globalism (which wasn't around when Thatcher was in power) the free market can work against the interests of a country. To what extent we are only just beginning to find out.

like a firearm, the gun may be fit for purpose but its whoever is holding it that we must worry about.

[TimberWolf]

DA would you agree that the unregulated free market is to blame for the mess we're now in? My take is that the Conservatives were successful in turning the country around, but that the mantra of monetarism and free market ideology over-rode common sense. That is always the case when a group of people think they have found the "truth" whether it's right or left-wingers.
History tells us that reality in economics is always somewhere in between.
I would also argue that in an age of globalism (which wasn't around when Thatcher was in power) the free market can work against the interests of a country. To what extent we are only just beginning to find out.

WHS

[Mustang]

What Maggie did was expose the myth that socialism was a well meaning benign ideology. She showed that even the working classes were quite capable of owning property, getting a job other than working in the local pit, and that people did not need the state after all.

Strangely enough I find myself agreeing with DA in this and subsequent posts in the thread! Who'ld have thought?!

[DodgyAgent]

Strangely enough I find myself agreeing with DA in this and subsequent posts in the thread! Who'ld have thought?!

Just goes to show musty how honest we can be