In 1945 at the end of WWII England’s economy was going into a tailspin.\u00a0 Soldiers were returning home without jobs, unemployment was rising and shortages of basic commodities were everywhere.\u00a0 So the British electorate threw out Winston Churchill and the Conservatives and elected Clement Attlee.\u00a0 England for the next 25 years tried to solve it economic problems with a combination of socialist redistribution and centralized planning.\u00a0 They implemented free nationalized health care, the government owned the railroads and the steel companies and national economic policy was focused on saving jobs.\u00a0 The government tried to make life fair for everyone.\u00a0 It didn’t work.\u00a0 The economy stagnated and millions of people fled to places like Canada, Australia and the USA where there were more opportunities.<\/p>\n
In 1979 Margaret Thacher was elected and she changed the countries direction.\u00a0 She broke the coal union and privatized industries.\u00a0 She let capitalism happen.\u00a0 There were winners and losers and England boomed again.<\/p>\n
Unfortunately the “stimulus” bill that is about to be passed by the Congress is attempting to solve our problems in the same way that Clement Attlee tried to solve England’s problems in 1945.\u00a0 It didn’t work then and it won’t work now.\u00a0 I’m preparing for a couple of decades of a bad economy.<\/p>\n","protected":false},"excerpt":{"rendered":"
In 1945 at the end of WWII England’s economy was going into a tailspin.\u00a0 Soldiers were returning home without jobs, unemployment was rising and shortages of basic commodities were everywhere.\u00a0 So the British electorate threw out Winston Churchill and the Conservatives and elected Clement Attlee.\u00a0 England for the next 25 years tried to solve it […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[11],"tags":[],"class_list":["post-1420","post","type-post","status-publish","format-standard","hentry","category-politics"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p99jGb-mU","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/simonburrow.com\/index.php?rest_route=\/wp\/v2\/posts\/1420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/simonburrow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/simonburrow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/simonburrow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/simonburrow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1420"}],"version-history":[{"count":3,"href":"https:\/\/simonburrow.com\/index.php?rest_route=\/wp\/v2\/posts\/1420\/revisions"}],"predecessor-version":[{"id":1423,"href":"https:\/\/simonburrow.com\/index.php?rest_route=\/wp\/v2\/posts\/1420\/revisions\/1423"}],"wp:attachment":[{"href":"https:\/\/simonburrow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/simonburrow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/simonburrow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}