Michael Meacher MP

Two big structural changes in the 1980s launched by its Tory predecessor are now coming back to haunt this Tory government.   Thatcher thought that the abolition of exchange controls in 1979 together with screwing down the trade unions in the vice of anti-union legislation throughout the 1980s would consolidate the market capitalism she so much cherished as well as crushing any working class threat to her own class dominance.   For a time they did have such an effect.   But now their long-term effects look very different and are undermining the very system she fought so hard to protect. (more…)