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Old 6th Dec 2017, 10:07
  #977 (permalink)  
Rated De
 
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Since Thatcher labour forces went down the hill....
It was Thatcher with a stroke of political genius that linked forever the organised labour movement to the destruction of the nation. It has been used in many other countries. It wasn't the reckless banker, the polluting and environmentally destructive corporate it was the employee.

The legal remedy of labour removal, effectively the ultimate last resort has in most western economies been watered down. Union themselves lost their way and forgot their charter and those of us not choosing our parents well enough have suffered.

Unsurprisingly GDP per capita fell in most western economies.

With aging populations, globalised capital destroying onshore employment meant progressively the middle class shrunk, its role and wealth diminished it had to borrow to fund lifestyle. Growth is sluggish, debt too high and lower interest rates don't further stimulate like the stupid politicians are told the textbooks say it will

Ironically as politicians of both persuasions scratch their heads looking for answers in the same neo-classical economics, they need only ask Henry Ford how it all fitted together.

'One man's spending is another's income': He raised the wages of his workers to ensure his business had enough customers.

Corporates and government fail to understand this fundamental problem; the profits from our system are concentrated in far too few hands. With huge costs and other barrier's to entry aviation is no longer a rewarding return for an investment of time and money. In an Orwellian nightmare like that overseen by O'Leary is it really any surprise that there are now too few pilots and those that are left want nothing to do with Ryan air?
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