Review what we teach at Universities.

We need to review what we teach at universities, most especially in economics and political science. We are still teaching students about the Reagan/Thatcher era as if it is a role model to follow.

Thatcher for example had one goal in mind. Crush the unions!  "If you cant make products at a competitive price we will close you down and sell you for a pound"
What the silly old bat (who now also has Alzheimers, what does that tell you about this era?) didn't realize was that without any domestic manufacturing and industry the value of sterling goes down and therefore the cost of imports from overseas goes up. Therefore if the cost of goods of domestic UK produced goods is more than overseas prices but not by a ridiculous amount, it is good to keep UK industries running. It prevents jobs from going overseas. Citizens in UK have always paid through the nose for everything. The governments have never allowed low interest rates for fear of the average man in the street going on a spending spree on credit.

Typical example, a car that would cost US$25,000 will cost GBP25,000 in England or possibly more. When the true exchange rate adjusted price including shipping and duties would be less.

Silly old bat !
Silly old bat !
Silly old bat !
Silly old bat !
Silly old bat !
Silly old bat !
Silly old bat !
Silly old bat !
Silly old bat !
Silly old bat !
Silly old bat !
Silly old bat !
Silly old bat !
Silly old bat !