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Do these people believe in their own propaganda about how economy works that austerity-led growth is possible?
Is it that they don't care about the party or their own reputation?
I hope Corbyn and the Greens don't fall for the same fiscal responsibility nonsense. Never give the neoliberals an inch.
I’m an American and even I have constantly heard this about 1970s Britain (but I also have watched too much Clarkson-era Top Gear). That the economy of the UK in the 1970s was a complete failure dominated by inefficient unions and shoddy products, and that Thatcher came in and fixed it all. If anyone knows of any good reading material about this era that provides a counter to this prevailing narrative, I’d love to read up on that.
Don't know anything about the Brits, but the American crisis of manufacturing profitability was also that time. I have to imagine they are connected.
Commenting in case someone provides reading material later