MiniMia 馃彺鬆仹鬆仮鬆伔鬆伂鬆伋鬆伩 馃嚨馃嚫
@fkamiah17@syzito.xyz  路  activity timestamp 2 weeks ago

"A starting point, in my view, must be recognition that the Thatcher experiment failed ... "

Quite a statement from - checks notes - the Financial Times.

FT: "The roots of the British malaise lie in a sick economy"

https://removepaywalls.com/https://www.ft.com/content/8a4995cd-1f4e-4d39-a20f-880122a80853

#UKPolitics

Extract from the FT article in the main post Indubitably, a serious government would be devoting vast intellectual resources to the question of how to raise the growth rate. None has, including this one. A starting point, in my view, must be recognition that the Thatcher experiment failed: it did not transform the underlying performance of the economy for the better. This must now be admitted. Too much of the post-Thatcher performance was unsustainable. This was, in good part, because it was the fruit of a global credit bubble, in which the UK was a leading actor.
Extract from the FT article in the main post Indubitably, a serious government would be devoting vast intellectual resources to the question of how to raise the growth rate. None has, including this one. A starting point, in my view, must be recognition that the Thatcher experiment failed: it did not transform the underlying performance of the economy for the better. This must now be admitted. Too much of the post-Thatcher performance was unsustainable. This was, in good part, because it was the fruit of a global credit bubble, in which the UK was a leading actor.
Extract from the FT article in the main post Indubitably, a serious government would be devoting vast intellectual resources to the question of how to raise the growth rate. None has, including this one. A starting point, in my view, must be recognition that the Thatcher experiment failed: it did not transform the underlying performance of the economy for the better. This must now be admitted. Too much of the post-Thatcher performance was unsustainable. This was, in good part, because it was the fruit of a global credit bubble, in which the UK was a leading actor.