Ahh, the end of the Butskell consensus, and what a gong show it was. People would do well to realise that as the pendulum had just reached the extent of one swing prior to 1980, with Inflation and its medicine causing the crisis, Then the same holds true today with the 08 crash and Brexit being the signs that the pendulum has been going the other way again for a few years past. It'll be interesting to see how things turn out.
@@jambon6451 That Is the theory of TINA there is no alternative. The public debt will never reach the zero because It Is a circle . In Italy We have the third highiest debt of the world, but you have to compare bad debt and good debt , for investments ....
@@alessandromazzetto6939 Total nonsense. The UK already had to go to the IMF in the late 70's for a loan because they were spending too damn much and were heading the way that Greece went a few years ago. They were running out of money to spend. There was no reasonable alternative.
Here's the plan: 1.) Curtail the trade unions 2.) Sell off the council house stock for peanuts as a short term vote winner at the expense of future generations. 3.) Privatize key utilities and services and make a large portion if not all the workers redundant. 4.) Call everybody opposed to this a subversive industrial terrorist or commie. "The enemy within" And here we are in 2018; fucked!
@@Garyboldyful if you're a millionaire you're laughing. As for living longer, well, let's see how that pans out after Brexit and extended Tory twat rule.
1. Fuck the trade unions. 2. So what? The market provides everything else; why can't it provide housing? 3. Are we supposed to keep workers in a job just for the sake of it? Efficiency means prosperity, if you didn't know. If 90% of workers were in agriculture today, we'd all be a lot worse off. "And here we are in 2018; fucked! " Why? Have real wages not gone up for every decile since 1980?
Thank you ThamesTV!
Even those lorries are built, none of them are sold. That was so bad.
Ahh, the end of the Butskell consensus, and what a gong show it was. People would do well to realise that as the pendulum had just reached the extent of one swing prior to 1980, with Inflation and its medicine causing the crisis, Then the same holds true today with the 08 crash and Brexit being the signs that the pendulum has been going the other way again for a few years past. It'll be interesting to see how things turn out.
ThamesTV rocks my recommendations lol
God to think that unemployment wasn’t going to go down until 1985, 5 full years after this was filmed
And once put right the economy in the UK grew to increase wealth for millions like never before.
@@robdewey317 with an unbalanced economy with much greater inequality than ever before.
What have you got against posting a COMPLETE episode, with idents, opening titles & closing credits?
'gathering swine' adage was great fast forward 40 years!
Fighting recession with austerity is as trying to estinguish a fire with liters of gasoline
Well the smarter thing to do is not to get into the situation in the first place.
The UK had no choice. The government's balance sheet was terrible and they couldn't afford to keep borrowing at the rate they were borrowing.
@@jambon6451 That Is the theory of TINA there is no alternative. The public debt will never reach the zero because It Is a circle . In Italy We have the third highiest debt of the world, but you have to compare bad debt and good debt , for investments ....
@@alessandromazzetto6939 Total nonsense. The UK already had to go to the IMF in the late 70's for a loan because they were spending too damn much and were heading the way that Greece went a few years ago. They were running out of money to spend. There was no reasonable alternative.
@@jambon6451 it depends which way you use money.... your dear B pound had fallen about 15% from Brexit WHAT A GOOD CHOISE.
Is this the same Michael Young that was involved in negotiations in South Africa in the 1980's?
ow doo.
Here's the plan:
1.) Curtail the trade unions
2.) Sell off the council house stock for peanuts as a short term vote winner at the expense of future generations.
3.) Privatize key utilities and services and make a large portion if not all the workers redundant.
4.) Call everybody opposed to this a subversive industrial terrorist or commie. "The enemy within"
And here we are in 2018; fucked!
How are we fucked now? we live longer, are better educated and are far wealthier as a country since 1980.
@@Garyboldyful if you're a millionaire you're laughing. As for living longer, well, let's see how that pans out after Brexit and extended Tory twat rule.
1. Fuck the trade unions.
2. So what? The market provides everything else; why can't it provide housing?
3. Are we supposed to keep workers in a job just for the sake of it? Efficiency means prosperity, if you didn't know. If 90% of workers were in agriculture today, we'd all be a lot worse off.
"And here we are in 2018; fucked!
"
Why? Have real wages not gone up for every decile since 1980?
@@izdatsumcp Real wages have declined from 2010, not to mention job security. I remember everything being far better in the 2000s.
@@fromsolly Ah, fair enough. We haven't really recovered from 2008.