Geo Ghost wrote:
Didn't Tories cause most of the problems in the first place +13 years ago? And Labour has been repairing the damage since. This is what I've been led to believe.
I think things here are alright to be honest. No country can be perfect but we are substantially better off than many others
Note: Don't flame me about anything or get ratty about what I say otherwise I'll ignore what ever you have to say.
In
complicated human geographical terms, Britain was stuck in a stagflation post-Fordist Keynsian recession that the previous system of economic policy had no hope of getting us out of. The Conservative government under Thatcher kickstarted the economy with a hefty dose of neoliberalism, globalisation and laissez-faire, the main downsides were tackled to an extent rather successfully under John Major's governance (the Gini coefficient of income inequality increased from 0.25 to 0.34 under Thatcher but have remained at that level ever since Major and have certainly not reached American levels of inequality at 0.45). In short, Britain's economy experienced a Schumpeterian creative-destruction event with a new internationalist neoliberalist economy, complete with its inequality associated with it, replacing the old Fordist Keynsian system that was good for the poor, but didn't help the economy in the slightest.
In
more simple terms, Britain was stuck in a really bad recession. There was only one way out of it, which the Conservatives did do. As a result of that, the majority of the population saw their incomes rise dramatically but inequality increased, but hasn't actually increased significantly since the end of the Thatcher government. Yes, the conservatives did create inequality. But they had to, and if they didn't, we'd be all worse off today VERY significantly.
So in some terms, you're right. But John Major's government actually repaired much of the damage. Labour also helped during their first 1 and a half terms, but after that they made things worse (even before the economic downturn).
