Politics
Out of context: Reply #6210
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- lowimpakt0
i thought this news article from 1992 was interesting...
"YESTERDAY'S drop in manufacturing output raises the spectre of continued economic decline. Far from bouncing along some imaginary bottom, British factories are facing an uncomfortable lurch down some unpleasantly steep stairs.
With home sales stagnating, exports dropping and investment being cut back, companies have little option but to attack costs, first among which is labour. The wave of redundancies sweeping through business is the result. Today's unemployment figures are expected to show a further rise of 40,000, bringing the total increase since March 1990 to nearly 1.3 million.
...................................The most important lesson is surely not to worsen the recession by tightening any form of economic policy: big public spending cuts, redundancies in public sector industries like coal, and tax increases, merely dig a deeper hole. Public works like the Jubilee line and the East-West crossrail would be cheap because building prices are a fifth below their peak in 1989."
- 16 years ago? Please.********
- you don't recognise the importance of history?lowimpakt
- 16 years ago? Please.