Margaret Thatcher is dead.

[The Mad Monk]

Sorry Sava, I want the real deal on this one.

I have no knowledge of Railtrack. What sorts of things happened?

[Sava]

[ATTACH=CONFIG]173853[/ATTACH]

Interesting. Seems the graph goes much more favorably for the UK once she resigned.

[Hauldren Collider]

Then you're reading it wrong...look at the derivative. Where does the slope begin to increase?

[DinoDoc]

I'm not overly familiar with the situation but I thought the privatization of the British Railways happened in 1993 under John Major.

[kentonio]

Interesting. Seems the graph goes much more favorably for the UK once she resigned.

She set the UK on it's upward path. Without the destruction of the union grip on the country that wouldn't have been possible. I say this as someone who fully supports the existence of unions.

[Sava]

Sorry Sava, I want the real deal on this one.

Get a job at a corporation.

Just so nobody is confused about my opinion on the matter... I think all large human organizations suffer inherent inefficiencies due to their size. The difference between public and private is in the greater accountability and protections against abuses that representative democracy provides. Private organizations are essentially monarchies (with varying differences in structure, obviously). The discussion of public vs private is "representative democracy vs monarchy". That's all.

[Hauldren Collider]

She set the UK on it's upward path. Without the destruction of the union grip on the country that wouldn't have been possible. I say this as someone who fully supports the existence of unions.

You're not going as far as me, I suppose. Unions are collapsing all over America and I can't contain my happiness. Putting employment preventers out to pasture

By the way, destroying the unions back in the 80s was deeply prescient. Look at how the unions have prevented countries like France and Spain from implementing reforms in the last few years. Now, if only she had been able to prevent the Euro...

[Sava]

Then you're reading it wrong...look at the derivative. Where does the slope begin to increase?

It starts in 1979, so it's difficult to understand the full context. Considering the overall climb remains constant after she left office, it's almost like her presence didn't have much of an effect. I don't think executives play a large role in GDP growth. It's a bit like a baseball manager. They can really only **** things up... not do anything remarkably successful.

[Sava]

You're not going as far as me, I suppose. Unions are collapsing all over America and I can't contain my happiness. Putting employment preventers out to pasture

By the way, destroying the unions back in the 80s was deeply prescient. Look at how the unions have prevented countries like France and Spain from implementing reforms in the last few years. Now, if only she had been able to prevent the Euro...

Yes. Once children are back in the mines... that will be cause for celebration.

[Dauphin]

[ATTACH=CONFIG]173853[/ATTACH]

Add a chart of UK and French oil production over the same period.

[DinoDoc]

It starts in 1979, so it's difficult to understand the full context. Considering the overall climb remains constant after she left office, it's almost like her presence didn't have much of an effect. I don't think executives play a large role in GDP growth. It's a bit like a baseball manager. They can really only **** things up... not do anything remarkably successful.

At the time Margaret Thatcher became Prime Minister in 1979, decades of statist policies had turned Britain into the sick man of Europe. The government owned the big manufacturing firms in industries such as autos and steel. The top individual MTRs on income were 83 percent on "earned income" and an eye-popping 98 percent on income from capital. Frequent labor strikes paralyzed transportation and led to garbage piling up in the streets of London. Much of the housing stock was government-owned. Britain had lagged other European economies for decades, growing far more slowly than most economies on the continent. Thatcher's reforms were among the most comprehensive in the world, and by the mid-1980s, Britain was growing faster than the other major European economies. - Scott Sumner

[kentonio]

You're not going as far as me, I suppose. Unions are collapsing all over America and I can't contain my happiness. Putting employment preventers out to pasture

Once upon a time I had exactly that opinion until I came to understand quite how far that would tip the balance against working people. The human cost is just too high to give corporations that much power.

[kentonio]

You're not going as far as me, I suppose. Unions are collapsing all over America and I can't contain my happiness. Putting employment preventers out to pasture

Once upon a time I had exactly that opinion until I came to understand quite how far that would tip the balance against working people. The human cost is just too high to give corporations that much power.

[The Mad Monk]

Get a job at a corporation.

Just so nobody is confused about my opinion on the matter... I think all large human organizations suffer inherent inefficiencies due to their size. The difference between public and private is in the greater accountability and protections against abuses that representative democracy provides. Private organizations are essentially monarchies (with varying differences in structure, obviously). The discussion of public vs private is "representative democracy vs monarchy". That's all.

I have a job at a corporation. Lots of people do.

[The Mad Monk]

The difference between public and private is in the greater accountability and protections against abuses that representative democracy provides.

...so how do you explain the worst of the private organizations being in the public pocket?