Re: The credit crunch - an effect not a cause

On Sat, 10 May 2008 08:51:59 +0100, Robert Henderson
<philip@[EMAIL PROTECTED]
> wrote:

>Thatcher introduced something  quite new.  For the first time in history 
>a British prime minister and government actively welcomed the wholesale 
>destruction of  strategically im****tant industries on the grounds that 
>they could not compete with  international competition.   It was the 
>doctrine of comparative advantage  pursued by a  government in an 
>advanced economy  to a degree never previously seen.
>
>Thatcher  was also responsible for one great political  act of folly in 
>the name of laissez faire  when  she successfully fought for   the 
>Single European  Market. The consequence  of this was  to rob Britain of 
>its ability to economically favour its own  industry  (beyond what was 
>already being done)  and  gave any  citizen of another EU country  the 
>same rights as  a British citizen  to be employed in Britain or for any 
>foreign cor****ation to bid for any public sector  contract offered in 
>Britain.

so, now i've struggled this far through your economically illiterate 
     soup.....

you seem entirely unaware that the uk's forrin holding expanded
     greatly during the thatcher years....
further the pension funds and individuals buy interest in companies
     from around the world...

despite the utter idiocy of the tax and spend run by bliar and the
     clown, britain still has several world class cor****ations

the deregulation which the socialists have (this time and so far)
     feared to screw up, means that the city is still a major source
     of uk income and inward investment...

http://money.cnn.com/magazines/fortune/global500/2007/countries/US.html
State  	Number of Global 500 Cos.
Australia 			8
Austria 			1
Belgium		 	5
Belgium/Netherlands 	1
Brazil 			5
Britain 			33
Britain/Netherlands 	1
Canada 			16
China 			24
Denmark 		2
Finland 			3
France 			38
Germany 		37
India 			6
Ireland 			2
Italy 			10
Japan 			67
Malaysia 		1
Mexico			5
The Netherlands 		14
Norway 			2
Poland 			1
Russia 			4
Saudi Arabia 		1
Singa****e 		1
South Korea 		14
Spain 			9
Sweden 			6
Switzerland 		13
Taiwan		 	6
Thailand 		1
Turkey 			1
United States 		162


can i stand still more of your rant!

regards

-- 
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