Re:SF’s Housing Crisis Explained
by lmm on Tuesday April 15, 2014 @04:15AM
(#7590852)
And yet England did well; the golden years of British innovation are the '50s and '60s when this policy was in effect. Whereas come Thatcher and the '80s and the lowering of taxes you see the destruction of British industry, ruination of national infrastructure (the railways are still recovering from that era's underinvestment), and even what felt like a cultural collapse.
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the golden years of British innovation are the '50s and '60s
The golden years of British innovation where in the 50s and 60s all right but 1850s and 1860s, maybe even earlier. By the end of the WWII Britain was a shade of its former self completely eclipsed by the US. Although to be fair, tax policy probably wasn't the decisive factor.
Re:SF’s Housing Crisis Explained
by HistoryInAction on Tuesday April 15, 2014 @06:06AM
(#7591082)
Not quite so. The trends in the industrial north were already strikingly negative by '79, and the fears of the coal miners in that pre-Thatcher era were important factors in the fall of the Heath and Wilson ministries.