Writing in todays The Australian, Giles Auty makes the case for neo-liberalism;
When Thatcher was elected, inflation in Britain was running at an unsustainable 23per cent and industrial and economic life were effectively held to ransom by a number of militant unions, including Arthur Scargill’s National Union of Mineworkers and the two notorious printing unions: the national Graphical Association and the Society of Graphical and Allied Trades.
Before Thatcher’s election Britain was regarded as an international joke: dispirited, unproductive and overtaxed. A friend of mine, children’s author Roger Hargreaves, was required to pay tax on his earnings at a rate of 97 per cent. Would or would not “economic conservative” Rudd have approved of such swingeing imposts?