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Cenfus
 
Posts: n/a
Default All these damn rules controlling every aspect of life!

Yes, someone who can bring mass poverty back to Sunderland again.


But the Thatcher Administration effectively ended poverty there (and
elsewhere) by bringing supply and demand for labour back into balance:
something that over-strong unions had been resisting for years.
We now have full employment; something the Germans and French can only
dream of. And why? endemic supply and demand imbalances, and an
over-regulating state.
These things tend to take decades to work through, which is why the
benefits derived from the 1979 administration only really started to be
seen in the late eighties and nineties, and the damage caused by the
Blair administration (over-regulation, pension-fund raiding,
government-sector over-manning) will take another decade to show
through in lower productivity, wealth and living standards.