Survival of the fittest - it applies not just a biology lesson about evolution, but also people, cities, regimes, businesses, countries etc etc
The manufacturing, mining, textiles etc etc industries and the cities that used to thrive on them were being artificially propped up at the detriment of the economy since the war - something had to change or we would have been left further behind than we are. Does anyone propose that we should still be active in these industries on a global scale?!
Many suffered as a result of Thatcher, many others prospered. I'd argue that the national economy today is in a far better place than had a Labour/Trade Union govt been in power for those terms - and so the short term pain has led to long term gain for millions.
And this 'managed decline' term has been used more in this thread than the 15 years of Thatcher govt where it was used once in a private letter!!
The manufacturing, mining, textiles etc etc industries and the cities that used to thrive on them were being artificially propped up at the detriment of the economy since the war - something had to change or we would have been left further behind than we are. Does anyone propose that we should still be active in these industries on a global scale?!
Many suffered as a result of Thatcher, many others prospered. I'd argue that the national economy today is in a far better place than had a Labour/Trade Union govt been in power for those terms - and so the short term pain has led to long term gain for millions.
And this 'managed decline' term has been used more in this thread than the 15 years of Thatcher govt where it was used once in a private letter!!