Thatcher gave us tax havens, arrogant banking, greed, complacence about unemployment and an end to
manufacturing...
POSTED ON APRIL 9 2013
"I see no reason to celebrate the life of Margaret Thatcher. I offer sympathy to her family, of course, but we have to remember what Margaret Thatcher did for this country.
In one of her first moves on coming to office she delivered capital market liberalisation. What that meant was that money was allowed to roam free around the world. The tax haven boom began as a direct result. The assault of capital on democracy followed. The shift of taxation from capital to labour became inevitable. The current crisis on corporate responsibility and tax is the direct consequence.
Then she delivered the Big Bang in financial services in London, removing regulation, allowing integration, encouraging financialisation and putting growth at all costs without consideration of prudence at the heart of banking. The 2008 banking crisis was the direct consequence. The failures of HBOS, Lloyds, RBS, Northern Rock and Bradford and Bingley can all be laid at her door.
And culturally she gave us greed. The ethical corruption of Barclays and so many other companies could not have happened without Thatcher."
The indifference that she showed the unemployed is being carried out on steroids here in Wisconsin....
http://www.taxresearch.org.uk/Blog/2013/04/09/thatcher-gave-us-tax-havens-arrogant-banking-greed-complacence-about-unemployment-and-an-end-to-manufacturing/
Dawson Leery
(19,348 posts)Prophet 451
(9,796 posts)I am vry glad that the evil monster is dead.
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(26,624 posts)the trend toward funding the SHMO's and Pharmaceuticals while at the same time suppressing labor wages for those working in the health care field part of the trend here in the U.S. too.... I look forward to looking over the other links...
Thatchers take on unjust and unenforceable homosexual law..
Sounds like she wanted to treat homosexual relationships similar to relationships dealing with prostitution? Doesn't sound like so much progress, as much as another way to categorize the crime....