Would this be when we had the lowest unemployment ever?
Besides, the economic crises of the 1970s were caused by the oil crisis in the ME.
Also, if you look at what caused the 2007 crisis, the blame is hardly on socialists - and Brown's stimulus got Britain growing again, before the cuts put us into a double dip recession, effectively pinching off a promising recovery and consigning us to five years of Japan-low growth.
I mean, for 35 years after WWII, Britain posted fairly consistent growth and boasted high employment, low inequality, and decent domestic industrial production. Since we turned the economy over to the free-marketeers, we've had 30 years of anemic, stuttering growth, balooning unemployment, and an industrial collapse. I mean, Thatcher was pro-Austrian economics FFS! We've been run by the economic equivalent of creationism for 30 years.
edited 19th Mar '14 3:04:09 PM by Achaemenid