Re:British pound hits record low against the dollar
by Gibbon1 on Monday September 26, 2022 @05:07PM
(#32988429)
You can see where Thatcher was coming from and why her bets failed. True north sea oil meant Britain could ditch coal. True selling off publicly owned assets, especially housing at fire sale prices would be wildly popular. But the strategy of crushing unions to lower labor costs in order to attract manufacturing jobs from Europe floundered because those jobs went to the Far East. That wrecked the countries economic foundations.
But 40 years on it's just frog mouthed cargo culting to double down on those policies.
You’re right. She’s a parody of Thatcher. Thatcher at least had a long-term strategy (London becoming the economic centre of Europe, even if it means hell for the rest of the country). She’s Thatcher with all the greed and none of the vision.