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I'm in the UK, heavily unionised and nationalised industry eventually died. See the British car industry for example.
by bennysomething 5y ago
I'm in the UK, heavily unionised and nationalised industry eventually died. See the British car industry for example.
- Retric 5y agoThe UK lost most industry independent of anything else. The service sector is 79% of GDP. That said, the UK has the 2nd largest aerospace industry of any country and it’s pharmaceutical industry ranks 10th.
- jsjsbdkj 5y agoI'm imagining margaret thatcher holding a pillow over their faces while they're sleeping saying "they just died!"
- cperciva 5y agoA closer analogy might be pulling the plug on a ventilator. Yes, Thatcher was the proximate cause; but those industries had been dying for a long time and only survived as long as they did because they were being propped up by the government.