Monday 12 January 2015

History tells us the Tories are bad for this country

In the late 1970s, the Tories managed to convince the public that the Labour government had broken the country and won a majority in the 1979 general election. 

Thatcher believed wholeheartedly that people should be able to look after themselves and be rewarded for success - regardless of how that success came about. Ironically, in order to promote this, the government did lots to help the rich to help themselves, they slashed the top rate of tax, sold off public assets cheaply to their friends and donors, introduced tax breaks for big businesses and in 1986, the biggest change which would have the largest long-term effects: the deregulation of UK financial markets.

In the 1980s, there was "no such thing as society", greed was good and manufacturing in the UK was left to rot. Everything of any commercial value was up for sale and helped along with tax breaks and anything of little or no commercial value was left to fend for itself.

Stripping away regulations which protected the UK from dodgy, risky dealing and the ability to launder money from the US and other countries through London brought a huge boom in the sector and brought London to the forefront of world markets. This culture continued throughout the New Labour years. Labour had made the Tories' failed experiment work with much-needed public sector investment but the speculators kept on taking bigger and bigger risks (well, who can blame them when they received bigger and bigger bonuses for doing so) and eventually, it all came tumbling down.

In the late 2000s, the Tories managed to convince the public that the Labour government had broken the country and received a big enough percentage of the vote to call the shots following the 2010 general election. 

Thatcher's children believe wholeheartedly that people should be able to look after themselves and be rewarded for success - regardless of how that success came about.  Ironically, in order to promote this, the government did lots to help the rich to help themselves, they have slashed the top rate of tax, sold of public assets cheaply to their friends and donors, introduced tax breaks for big businesses and are now proposing to shrink the state down to levels last seen in the 1930s before the welfare state or NHS.

Thatcher's Tories brought about the changes to our economy that, with the help of their greedy chums, caused the financial crash. If people believe that this same party, with the same principles, standing up for the same people who caused the crash are the party to bring us a proper recovery, then they deserve all they get. But what a shame that will be for the rest of us.

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