- Oct 2017
the slow collapse of public health and education, resurgent child poverty, the epidemic of loneliness, the collapse of ecosystems
It is the same as what we learnt before from British economy history. Under the rule of Mrs. Thatcher, through the destruction of labor movement and opening foreign competition to weak the forces of global trade. Inducing the heavy industry system, the large state-owned enterprises carry out radical privatization reform and other measures to complete the transformation of economic structure, So that the British from a traditional heavy industrial countries, into a service-oriented emerging economies. Mrs. Thatcher has focused on weakening public spending such as education, health care and social welfare, and she claims to "turn Britain from a society of interdependence to a self-sustaining society." Under her leadership, Britain has gradually become a country with relatively cheap labor and flexible labor. However, as it shows today, British people are facing an unreasonable high retirement age and suffering from dramatic social classes gap.