1974: Inflation, Strikes, Oil Crisis

This is a Britain news story, published by BBC, that relates primarily to Thatcher news.

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I thought the free market was forever - then Trump came along

Summary

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69% Informative

David Dimbleby : I thought the free market was with us forever - then Trump came along.

Thatcher was convinced that the country would be much better off if gas and water and electricity were taken out of the hands of the state.

The government's big idea was that the state would sell utilities to big investors.

In the 1980s , the scale of transformation was staggering by selling state run companies.

Up to 15 million Britons were now shareholders in Thatcher 's privatisation of Thames Water .

But before long, alarm bells were starting to be rung.

James Goldsmith was a businessman who had made a fortune by buying struggling companies cheaply.

He argued that the global free market path that Britain and the rest of the world was going down was dangerous.

Today , the UK may be a global leader in science and financial services but is that of much consolation to communities where we once made things that are now made offshore?.

The reign of the free market is facing its biggest ever challenge.

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informal

Language

English

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