No.99799
Under Thatcher the free market Prime Minister the unemployment rates skyrocketed. Gee I wonder why? is it because she was opposed to government spending??!
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No.99801
>>99799
>stop subsidizing busywork
>busywork disappears
This week in things that should be obvious
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No.99802
>>99801
so public spending makes jobs. also as soon as Thatcher left the unemployment rate went down
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No.99806
>>99802
>when you don’t know the difference between jobs and value creation
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No.99807
>>99806
*ahem*
look at the chart you fucking retard. Thatcher's free market and monetarist policies caused the worst unemployment levels since the great depression in the UK
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No.99809
>>99807
>when you double down on your ignorance
Seriously. Just the 1945-1960 period directly contradicts your hot take all by itself.
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No.99810
>>99809
the 45-60 period was very interventionist and had lots of spending and about 97-99% of people were employed compared to 87-90% under Thatcher
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No.99811
>>99810
Wrong.
Look at the dotted blue line. It tracks gov’t spending.
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No.99812
>>99811
and Thatcher cut spending by LOTS which caused the unemployment
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No.99814
>>99812
>tripling down on not knowing the difference between jobs and value creation
Come on, man. At least try to engage in good faith here.
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No.99815
>>99814
what is value creation and how isn't this a failure of the free market. explain
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No.99816
>>99811
>>99812
The dotted blue line tracks inflation you illiterates.
>>99815
You should read up on the winter of discontent to see what kind of shit was going down in the interventionist paradise that was the UK.
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No.99817
>>99816
>literally know nothing about how inflation works
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No.99818
>>99815
>the free market isn’t infinitely resilient to every stupid thing the government does, therefore it’s market failure
Sure thing, buddy.
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No.99819
>>99816
nice interventionist whataboutism.
>>99818
Thatcher used monetarist policies and she privatized business, deregulated, gave union less power and the unemployment rate rose
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No.99820
>>99819
>literally can’t tell the difference between jobs and value creation
Just because it’s hard for you to jerk your limp dick to orgasm doesn’t mean you’re providing value to others by doing it.
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No.99821
>>99820
>The performance of actions that increase the worth of goods, services or even a business
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No.99822
>>99820
>The performance of actions that increase the worth of goods, services or even a business
how does this relate to job creation in anyway?
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No.99823
>>99817
Enlighten me.
>>99819
>Whataboutism
The interventionist policies of the 70s had a disastrous effect on the economy, which grew increasingly inefficient as state-owned industry fell behind the competition in Continental Europe. Ending the subsidies caused unemployment to increase temporarily as the market shed the dead weight industry had accumulated.
That's not whataboutism. It's context.
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No.99824
>>99820
>The performance of actions that increase the worth of goods, services or even a business
how does this relate to job creation in anyway?
>>99823
>Ending the subsidies caused unemployment to increase temporarily as the market shed the dead weight industry had accumulated.
then why as soon as Thatcher left the employment rate shot back up again?
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No.99825
>>99823
Since you’re discussing economics without that information, you’ve already gone out of your way to avoid understanding the topic. Why should I make the effort educating you?
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No.99826
>>99824
>then why as soon as Thatcher left the employment rate shot back up again?
When did that happen?
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No.99827
>increased the VAT and tried to implement a poll tax
>free market
choose one
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No.99828
>>99824
Once upon a time an economist went to China. His hosts took him on a tour and showed him a group of men digging a ditch with shovels. The economist asked why they didn’t use earth moving equipment. The Chinese hosts responded that it would put people out of work. “Oh,” said the economist. “I didn’t know it was a jobs program. Take away their shovels.”
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No.99829
>>99823
I think our friend is referring to monetary policy-targeted inflation.
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No.99830
>>99826
she left around pic related
>>99827
>deregulates, cuts welfare, gives unions less power, cuts subsidies
>n-not real capitalism
pathetic
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No.99832
>>99829
>thinking there’s any other type
Seriously. Even rising energy prices are more than outpaced by falling costs without inflationary monetary policy.
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No.99833
>>99830
>doesn’t know how an economic horse race works
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No.99834
>>99833
enlighten me instead of using meme arrows
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No.99835
>>99830
>welfare, subsidies, and union leverage still exists
>increased VAT = deregulation
pathetic
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No.99836
>>99835
>inch ever closer to "true capitalism" with deregulation
>2 million people lose their jobs
explain how it's not the fault of your free market fairyland
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No.99837
>>99836
The implementation of taxes is not deregulation and not a free market. How difficult is this for you to understand?
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No.99838
>>99837
>n-not real capitalism
Thatcher did plenty of tax cuts
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No.99839
>>99838
>n-not real capitalism
strawman. I did not state the UK was not capitalist. I simply stated it was no where approximate to a free market.
>Thatcher did plenty of tax cuts
And plenty of tax increases.
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No.99840
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No.99842
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No.99843
>>99840
>Doesn't have a WSJ subscription
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No.99846
Wasn't the Mad Aussie supposed to scare idiot normies away from this place, not attract more of them?
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No.99847
>>99846
No such thing as bad publicity, I guess.
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No.99849
>>99812
because the government was bankrupt you idiot
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No.99850
>>99849
then why weren't private sector jobs create
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No.99853
>>99850
because those jobs were useless in the first place
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No.99886
She was a fucking moron, who trashed strategic industries, created misery for the fun of it, hated govt spending but ran huge deficits anyway - despite running into a ton of oil and selling everything that wasn't nailed down, and kicking off a process of financialization that has landed the UK with some of the biggest debts, most overvalued property, and most over-leveraged banks in the world. Just an all round disaster. Never, ever, let a woman run a country.
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No.99887
There was an overall net increase in public and welfare expenditure during Thatcher's term. How can one consider this "deregulatory" or "pro free market"?
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