Neoliberalism is a hustle...True Orthodox Christian restoration
Neoliberalism is a hustle. A con. In addition Pinochet pioneered disaster capitalism, which Thatcher copied by overruling the Treasury and insisting upon a hike in interest rates to 15%. Combined with North Sea oil surging, the 1979 Iranian Revolution and the Second major oil crisis, a global recession, massive increases in NHS nurses wages of 23%, temporarily buying off the coal and steel and rail and other powerful trade unions, and massive spending cuts during a recession (the opposite of what is required (in terms of countercyclical management), redistribution of wealth to the richer people via tax cuts, exacerbated by massive Value Added Taxes (VAT) increases, and withdrawal of subsidies, resulting in a 40% increase in the value of UK£ Sterling in one year, led to a 40% loss in competitiveness in manufacturing in just one year from which affected areas have never recovered. The cuts to the Royal Navy included withdrawal of ships based in remote areas like the Falklands. Like ...