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Margaret Thatcher as right: you eventually run out of other people’s money under socialism.
@1 Socialism sucks. Laissez-faire capitalism is almost as bad. Regulated capitalism is the only way to go. The kind of capitalism espoused by Republicans makes no more sense than roads without traffic laws or traffic cops, and leads to similar results — you get lawless anarchy, and eventually the whole system breaks down and nobody goes anywhere. The evidence —
19th century panics and depressions
Crash of 1929 and Great Depression
1980s S&L crisis
2007-2008 financial crisis and Great Recession
Thatcher’s report card.
“She may or may not have caused it, but Britain under Thatcher saw huge economic, demographic and cultural change. These are just some of the facts.”
1. The population became less white.
2. Unemployment soared.
3. Two major recessions occurred; manufacturing disappeared.
4. Spending and public employment rose.
5. The gender pay gap worsened.
6. Housing prices soared.
7. Poverty and inequality skyrocketed.
https://www.theguardian.com/politics/datablog/2013/apr/08/britain-changed-margaret-thatcher-charts