Monday, January 09, 2012
Don't believe the myth that Thatcherism 'saved' Britain
With ‘The Iron Lady’ playing at cinemas up and down the country I think its timely to link to this piece of mine from 2009, on the neoliberal myth that Margaret Thatcher 'saved' Britain.
And in case you missed it, here’s Seumas Milne’s great piece on Thatcher’s legacy in last week’s Guardian.
Her government's savage deflation destroyed a fifth of Britain's industrial base in two years, hollowed out manufacturing, and delivered a "productivity miracle" that never was, and we're living with the consequences today.