Posted by Samsaranda on 03/08/2018 17:46:05:
I think decline in manufacturing industry was due to both the Thatcher philosophy and the greed of the financial markets who wanted to acquire companies in order to liquidate their assets and feed the greed of the very loosely regulated financial institutions. The Thatcher philosophy seemed to enable the wholesale dismembering of manufacturing companies, she clearly was of the opinion that the wealth of our markets should revolve around the so called service industries. I worked for an engineering group that owned many well known manufacturing organisations, the group turned over a billion pounds a year, now long gone thanks to the beancounters, accountants should not be in charge of engineering groups, the remnants of the group I worked for are now owned by a large voracious French group hellbent on acquiring anything with any assets that can be stripped. They haven’t yet assumed full control and are already tampering with the pension schemes that they have acquired, for the moment my pension appears secure thanks to the foresight of the group I worked for placing legal safeguards in the pension fund articles. Sorry about the rant but this something that I feel very strongly about.
Dave W
Much of what you describe was actually the invention of an Englishman. Lord Hanson. James Edward, Baron Hanson.
Whilst he made himself of lot of money by making very many others much poorer, he cannot be accredited with perfecting the technique. That would be down to a businessman who is still very much alive, probably the 3rd wealthiest person in the country & a name that practically no one has ever heard before.
Thatcher was a puppet of a cartel, they created her & ultimately sacrificed her.
If I wanted to rob you I would at least have the decency to wear a mask. These people robbed you of £1000's & you don't even know they did it.