Its democracy and greed that is at the heart of the countries problems. Not saying democracy is a bad thing of course.
The hard decisions don't get made because they are usually unpopular and lose votes. Could you imagine government putting aside 10's of billions of sterling for a rainy day when public servants are under paid ? The countries booming and we save for a rainy day, instead of spending more money on public services and the bottomless pit of good deeds that need sorting. The government would have been ridiculed in that situation too, with The Sun (who cares really) declaring its allegience to Tories earlier
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Greed is a big problem nowadays and will always fuel situations we face at the moment.
Interesting read is a book by John Galbraith called The Big Crash 1929 - his summary was interesting going from memory since I read the book 12 or so months ago. Basically apart from being able to give everyone a Chrystal ball to see the future of what their actions would do, there was nothing much that could be done to stop the biggest financial collapse in history even with what people know now. Its not a situation where you think ok 6 years of boom so better save a few quid for next few years of bust, as there is no time table. Interesting book for those interested.
Also greed and big profits fuel more greed and big profits. Again the top guys actions in the banks that collapsed would have been repeated by others too. Share holders would be demanding their replacement for the cautious ones that say "hold up, what about around the corner", when the profits on paper are down drastically because of preparing for the end of the road.
My first memory of Thatch was when she abolished free milk at schools
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Thats kind of what the 80's where like. All I remember of 80's was unemployment.
She sold everything she could off, including our energy reserves (cheaply, in the dash for Gas) so now we are dependent on foreign energy. All to pay out benefits for record high unemployment figures.
She gave the signal to the Argies to invade the Malvinas by her defence cuts (so we could pay for American nuclear bases here), thus getting us involved in a war that took limelight away from how the country was doing and got her another term in office. Not wishing to compare her to Hitler but he also went down this line when Germany was in the poop. Can't beat a good old war to get the countries morale up in being patriotic. Brave soldiers injured and lost their lives of course.
The Poll Tax - the worst tax in history
I will give her credit on some things like privatising companies which helped stop strikes nowadays, and bringing Unions down a few pegs, but the rest.......