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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (77592)	8/11/2011 3:53:52 PM
From: Maurice Winn	1 Recommendation Read Replies (2) \| Respond to of 217931

Iain Mann is clueless, offering a series of dopey ideas by way of explanation: <I believe the decline in Britain’s fortunes began soon after the end of the Second World War. Many states within the former Empire were rightly given their independence, but Britain lost a huge source of wealth previously derived from exploiting the resources of these countries. At home, the beginnings of the NHS and the welfare state, while again the right thing to do, started the expansion of the public sector and the gradual development of a dependency and blame culture. In the 1950s and 60s the power of the trade unions demanding higher wage rates gradually made heavy and labour-intensive industries uncompetitive. This took place just as the emerging industrial powers in the Far East were building modern shipbuilding and manufacturing plants, using technology and expertise acquired from us and with wage rates a small fraction of those being paid in Britain. Mrs Thatcher’s determination to break the unions had the effect of killing off large swathes of industry and loss of jobs in coal mining, shipbuilding, steel-making and heavy engineering. As manufacturing declined as Britain’s main source both of exports and job creation, the burgeoning financial sector gradually became our main source of overseas income, producing paper wealth trading in cash, utilities and stocks and shares but creating nothing. > Britain didn't "exploit the wealth" of the former empire. It was trade among a huge population which had been civilized by the British Commonwealth. When Idi Amin and other barbarians took over, and India and Pakistan plunged into half a century of socialism and jihad, of course the economic benefits of the empire stopped for all concerned. He's wrong on all items. His ideology is why Great Britain has faded so badly. Mqurice