60 results back to index
Nine Crises: Fifty Years of Covering the British Economy From Devaluation to Brexit by William Keegan
banking crisis, Berlin Wall, Big bang: deregulation of the City of London, Boris Johnson, Bretton Woods, British Empire, capital controls, congestion charging, deindustrialization, Donald Trump, Etonian, eurozone crisis, Fall of the Berlin Wall, financial innovation, financial thriller, floating exchange rates, full employment, gig economy, inflation targeting, Just-in-time delivery, light touch regulation, liquidity trap, Martin Wolf, moral hazard, negative equity, Neil Kinnock, non-tariff barriers, North Sea oil, Northern Rock, oil shock, Parkinson's law, Paul Samuelson, pre–internet, price mechanism, quantitative easing, Ronald Reagan, school vouchers, short selling, South Sea Bubble, The Chicago School, transaction costs, tulip mania, Winter of Discontent, Yom Kippur War
The problem was, as had happened with Edward Heath’s government in the winter of 1973–74, that yet another government’s pay policy had broken down. Referring to this in his memoirs, Healey acknowledges that the government was probably overambitious in setting the targets for pay policy which fomented union demands and led to the Winter of Discontent. There can be little doubt that having to go ‘cap in hand’ to the IMF in 1976 and mishandling pay policy in 1978–79 – with the unfortunate episode of the Winter of Discontent – were big factors in Labour’s loss of the 1979 election and the rise of Thatcherism. CRISIS 4 1979–82: SADOMONETARISM AND THATCHER RECESSION When the Thatcher government came into office in 1979, they were deeply suspicious of the Whitehall machine that was associated with the perceived failures of the 1970s, and not least with ‘Keynesian’ economic advisers.
But his reference was entirely tactical, to appease a hostile US Treasury that was being difficult about the UK’s negotiations with the International Monetary Fund (Crisis 3). In his memoirs, published after eight years of Conservative rule, Callaghan made it quite clear that he was really a Keynesian and disagreed with the Thatcher/Howe/Lawson polices that were then contributing to a rapid rise in unemployment. As it happened, inflation and unemployment were both already falling by 1977–78, towards the end of Callaghan’s premiership. It was only the Winter of Discontent in 1978–79 (see Crisis 3) that finally wrecked the Labour government’s reputation for economic competence. The fact of the matter, as became apparent all those years later in the wake of the 2007–08 financial crisis, is that Keynes was right all along: the only way to emerge from recession is to spend your way out. As presented by the monetarist guru Professor Milton Friedman, it all sounded so easy.
The phrase ‘the pound in your pocket has not been devalued’ is one of the abiding memories of the 1967 devaluation. As often happens, the original words were somewhat different, but the way of the world, encouraged by the desire of the media for snappy headlines, is to elide and sometimes distort the original, while nevertheless bestowing on posterity the essence of the truth. Thus in January 1979 James Callaghan returned from a heads of government summit in Guadeloupe during what became known as the Winter of Discontent and was ambushed by reporters at the airport, and before he knew where he was the headlines screamed ‘Callaghan – “Crisis? What Crisis?”’ Younger readers must picture the circumstances. The Prime Minister had just returned from the sunny West Indies, where, as far as the general public was concerned, he had been hobnobbing with the other leaders of the G7 in some comfort – not to say Caribbean luxury – although in fact he had been involved in serious talks on Western nuclear strategy and other matters of international concern with President Ford of the US; Giscard d’Estaing, President of France; and Helmut Schmidt, Chancellor of West Germany.
Strange Rebels: 1979 and the Birth of the 21st Century by Christian Caryl
anti-communist, Ayatollah Khomeini, Berlin Wall, Bretton Woods, British Empire, colonial rule, Deng Xiaoping, financial deregulation, financial independence, friendly fire, full employment, income inequality, industrial robot, Internet Archive, Kickstarter, land reform, land tenure, liberal capitalism, liberation theology, Mahatma Gandhi, means of production, Mikhail Gorbachev, Mohammed Bouazizi, Mont Pelerin Society, Neil Kinnock, new economy, New Urbanism, oil shock, open borders, open economy, Pearl River Delta, plutocrats, Plutocrats, price stability, rent control, road to serfdom, Ronald Reagan, single-payer health, special economic zone, The Chicago School, union organizing, upwardly mobile, Winter of Discontent, Xiaogang Anhui farmers, Yom Kippur War
I don’t think other people in the world would share the view that there is mounting chaos.” It was a remark that made him appear fatally disconnected. The next day’s edition of the tabloid the Sun ran a damning headline: “Crisis? What Crisis?” Callaghan never actually said those words. But the accusation stuck—precisely because his optimism appeared at such odds with the images that dominated the evening news. For nonunionized Britons, the “Winter of Discontent,” as the months of strikes were soon dubbed, was more than just another episode in a long history of industrial unrest. It was not just that sidewalks were vanishing under piles of garbage or that coffins were going unburied. Strikers and the police clashed in pitched battles that evoked nightmarish visions of anarchy. The promise of the late-nineteenth-century labor movement—the brotherhood of man and the rights of the oppressed—had devolved into a kind of storm-trooper anomie.
Callaghan was a practiced debater in the Commons, and a certain condescension came through whenever the two of them sparred. Where he was genial, she was earnest. Where he was smooth, she was grating, sometimes even a bit shrill. What could you expect, really, from a woman? At one point, when Thatcher chastised him for his “avuncular condescension,” Callaghan replied that he found it hard to imagine her as his niece.3 The Winter of Discontent took its toll. As the early months of 1979 gave way to spring, it no longer looked as if Callaghan could count on an economic upturn to counter the prevailing gloom. But his advisers took some consolation from the polls. They showed that Thatcher’s personal approval ratings still lagged behind Callaghan’s. By the time the election came, they reasoned, Sunny Jim could rely on the power of his charm to best the joyless Milk Snatcher.
From now on the party’s leaders would interpret his Word according to their own convenience. 11 The Blood of the Martyrs For most countries, 1979 dawned in a fog of uncertainty. News of the party plenum in December 1978 gave many Chinese an inkling that positive changes were on the way, but no one knew for sure how far-reaching the reforms would be or how quickly they would come. Britons, for the moment, remained mired in the frustrations of the Winter of Discontent; an end to the strikes was not in sight. The simmering rebellion in Afghanistan posed little in the way of a systemic challenge to the government. The election of John Paul II suggested the possibility of a shift in Vatican policy toward the East bloc, but the Communist authorities in Warsaw had yet to issue a response to the new pope’s request for permission to visit his homeland. In Iran there was no ambiguity.
Britannia Unchained: Global Lessons for Growth and Prosperity by Kwasi Kwarteng, Priti Patel, Dominic Raab, Chris Skidmore, Elizabeth Truss
Airbnb, banking crisis, Carmen Reinhart, central bank independence, clockwatching, creative destruction, Credit Default Swap, demographic dividend, Edward Glaeser, eurozone crisis, fear of failure, glass ceiling, informal economy, James Dyson, Kenneth Rogoff, knowledge economy, long peace, margin call, Mark Zuckerberg, Martin Wolf, megacity, Mexican peso crisis / tequila crisis, Neil Kinnock, new economy, North Sea oil, oil shock, open economy, paypal mafia, pension reform, price stability, profit motive, Ronald Reagan, Sand Hill Road, Silicon Valley, Stanford marshmallow experiment, Steve Jobs, Walter Mischel, wealth creators, Winter of Discontent, working-age population, Yom Kippur War
Between 1978 and 1979 he caused over 500 walk-outs at the Longbridge plant.7 In hospitals, women gave birth by candlelight, trafﬁc lights failed across the country,8 and even Prime Minister’s Questions was lit by candles and parafﬁn lamps.9 Blue Peter taught children how to line blankets The Chains 9 with newspaper to keep elderly relatives warm without heating. In early 1974, Britain was temporarily reduced to a three-day week. Rubbish piled up on the streets, and infamously during the 1978 so-called Winter of Discontent, even the dead were left unburied. ‘Goodbye, Great Britain,’ said a Wall Street Journal editorial, ‘it was nice knowing you.’10 ‘Britain is a tragedy,’ mourned Henry Kissinger. ‘It has sunk to borrowing, begging, stealing until North Sea oil comes in.’11 According to a Brussels correspondent, Britain was now only admired in Europe ‘for its ability to stagger along on its knees’.12 The dictator Idi Amin wrote to Heath offering aid, and claiming that he was ‘following with sorrow the alarming economic crisis befalling on Britain’.13 In response to the crisis, British society turned inwards.
There was a wider permissiveness in society, and a lot of people, especially younger voters, looked to the future with optimism. The Prime Minister, Harold Wilson, spoke, without any irony, about the ‘white heat of technology’. Fashion icons like Twiggy, Jean Shrimpton and Mary Quant became prominent national ﬁgures. By contrast, the 1970s were an era of industrial strife and conﬂict. The three-day week, miners’ strikes and the ‘Winter of Discontent’ seemed to characterise that era. All through the decade there were rumblings that Britain had become ‘ungovernable’. Edward Heath, the Conservative Prime Minister, actually called a general election and framed the question ‘Who governs Britain?’ He discovered, to his cost, that he and his Government did not. Public spending and inﬂation continued to run out of control. In 1976 Britain had the humiliation of having to go to the International Monetary Fund.
Neville 38 PriceWaterhouseCoopers 94 private enterprise, used for social ends 26–7 Programme for International Student Assessment (PISA) (OECD) 36, 38, 39–41, 44, 57, 105, 115 prudence 24, 27–9, 33 public services, investment in 12, 28–9, 31 ‘quants’ 44, 45, 47–8 Reagan, Ronald 38–9 reality television 75–6, 115 142 Britannia Unchained Recent Work Capability Assessments 70 The Red Paper on Scotland 26 Reich, Robert 25 Reilly, Cait 74 Reinhart, Carmen M. 21, 22 resources, running out 9 risk 99 and innovation 91–2 risk-aversion 86–8, 91, 92 see also failure Robinson, Derek (‘Red Robbo’) 8 Rogoff, Kenneth S. 21, 22, 29 Rolls Royce 8 Romer, Christina 22 Rossli, Ashraf 1 Rousseff, Dilma 101 Royal Society for the Encouragement of Arts (RSA) 61 Sahami, Mehran 60 Sainsbury’s, and migrant workers 64 Samuels, Tim 64 Sand Hill Road 93–4 Saragoza, Eric 54 Sarkozy, Nicholas 66 SAT (Standard Assessment Tasks) tests 39 Save the Children 71 Scandinavia, labour market reform 4 Schleicher, Andreas 38, 39, 40, 41 Science Museum, London 56 science and technology 38–60 attitudes to 48–51 securitisation 35 Sedi 103 seed capital 84, 98 see also venture capital Seed Enterprise Investment Scheme 98 Seedrs 98 Sela, Yonatan 86 Sequoia Capital 98 Silicon Roundabout (London) 55, 97, 112 Silicon Valley 93–4, 95, 97, 554 Simon, Leslie 48 Singapore 5, 66, 113 smart phones 55 Smith, Adam 20 Snow, C.P. 46 social mobility 11, 76–7 The Social Network (ﬁlm) 48 solar energy sector, subsidies 85 Songkick 98 South Korea 4–5, 113 education 43–4, 55 working hours 66 Soviet Union 86, 89, 105 collapse of 10 SpaceX 95 Spain 3, 41, 52, 66 Spotify 98 Standard & Poor’s 47 Stanford University (US) 60, 93, 97 Stephens, Philip 28 strikes 8–9, 66, 69, 114–15 Stringer, Sir Howard 58 Süddeutsche Zeitung 40 Suez crisis (1956) 8 Sugar, Alan 75, 76 Summers, Larry 25 sustainable development 4, 10 see also economic growth Sweden 30, 32 Switzerland 30, 32, 52 Tang, Jessie 72 Tata, Ratan 64 taxation 12, 28–9, 31, 37, 88, 109, 110 impact on working hours 68–9 increases under New Labour 29 taxi drivers, work ethic 61–3 Tech City (London) 97 tech industry 51–5 international collaboration 53–4 low-wage workers 54 and tech skills 54–5 Technological Incubators Program (Israel) 79, 83–4 technology see science and technology; tech industry Index Thatcher, Margaret 9, 10, 11, 114–15 Toynbee, Polly 31 trade unions 8, 9, 63, 69 Trudeau, Pierre Elliot 14–15 True Flash Filing System 81 Tug, Tuggy 72 TweetDeck 55, 98 Twitter 93 unemployment 20, 23 Canada 14, 16, 18, 34 Europe 66 UK 70, 73, 74, 77, 87 Unison union 70 United Kingdom (UK) attitudes to academic achievement 45–7, 59 debt 10, 12, 30–3, 115 and deﬁcit 19–21, 27, 29–33 economic decline 7–11, 12–13, 115 economic growth 9–10, 12, 114, 115 education 4–5, 12, 31, 42–3, 44–8, 51–60 failure of 57–8, 115 maths teaching methods 56–7 and parental aspiration 57, 59 performance in PISA tests 40, 41, 57, 115 and science and technology 51–3, 54–60, 115 tuition fees 60 end of empire 4, 8, 10, 114 and entrepreneurship 76, 91, 97–8 and European Union 10 government subsidies 85 graduate jobs market 44–5 innovation 98, 114 intellectual capital 52, 53, 112 patent applications 95–7 pensions 3, 63, 69–70, 110 population growth 100, 107–8 productivity 61, 66–7, 77 public spending 3, 27–8, 31, 114, 115 143 regulation and red tape 5, 30, 37, 87–8, 98, 109 relationship with US 8, 10, 90 research and development 88 and risk-aversion 86–8, 91, 92 strikes 8–9, 69, 114–15 taxation 12, 28–9, 31, 37, 88, 109, 110 technology companies 97–8 trade union power 8, 9, 63, 69 universities 52–3, 57, 58, 97 rise in science and tech applicants 59–60 venture capital 94, 98 welfare policies 109, 110 and dependency 2, 67, 68, 70–1, 77, 109 unsustainability of 106 Winter of Discontent (1978) 9, 114 and work ethic 2, 61–77, 111–12 working hours 65, 66, 68, 77 young Britons 75, 108–11 and entrepreneurship 76 unemployment 74, 77 United States (US) attitude to bankruptcy 91 cost of patent process 96 and debt 22, 24, 31 Declaration of Independence 90 and economic freedom 36 education 12, 38–9, 40, 42, 46, 57 entrepreneurial spirit 90, 93–4, 96–7 and global ﬁnancial crisis (2007–08) 19, 32, 37 investment in IT sector 93–4 women in tech careers 49 worker productivity 57, 67 working hours 65, 66, 68 universities non-courses 43, 46–7 see also United Kingdom (UK), universities urban riots (2011) 1, 75 USB ﬂash drive 80–1 144 Britannia Unchained Varga, Getúlio 104 Velez, Leila 103–4 venture capital 5, 80, 84–5, 93–5, 98 see also seed capital Vietnam 54, 89 vocational training 74 Wall Street Journal 9, 14, 36, 96 Wanless report 29 Wei, Nat 59 Weizmann, Chaim 83 Wenzhou, China 95 Willetts, David 67 Wilshaw, Sir Michael 59 Wilson, Harold 114 Wolf, Martin 26 Wolley, Trevor 45 women and tech careers 48–9, 50–1 working and cost of childcare 71 Woos, Jaejoon 22 work ethic 2, 5, 13, 61–77 and entrepreneurship 67–8 Europeans 65–6 impact of childcare costs 71 impact of welfare system 68, 70–1, 74, 77 Japan 106 migrant workers 63–4 and role models 74–7 role of schools 73–4 worklessness 67 Workers’ Party (Brazil) 101 working hours 65, 66 effect of unionisation 69 impact of tax rates 68–9 World Economic Forum 35, 87 Wriston, Walter 20 X Factor 45, 75 Yes Minister 47 Yom Kippur War (1973) 83 YouTube 1, 95 Yozma programme (Israel) 83, 84–6 Zappos 98 Zhou, Biyan 42 Zuckerberg, Mark 76 Zynga 95
A History of Modern Britain by Andrew Marr
air freight, Albert Einstein, anti-communist, battle of ideas, Beeching cuts, Big bang: deregulation of the City of London, Bob Geldof, Bretton Woods, British Empire, Brixton riot, clean water, collective bargaining, computer age, congestion charging, cuban missile crisis, deindustrialization, Etonian, falling living standards, fear of failure, Fellow of the Royal Society, financial independence, floating exchange rates, full employment, housing crisis, illegal immigration, Kickstarter, liberal capitalism, Live Aid, loadsamoney, market design, mass immigration, means of production, Mikhail Gorbachev, millennium bug, Neil Kinnock, Nelson Mandela, new economy, North Sea oil, Northern Rock, offshore financial centre, open borders, out of africa, Parkinson's law, Piper Alpha, Red Clydeside, reserve currency, Right to Buy, road to serfdom, Ronald Reagan, Silicon Valley, strikebreaker, upwardly mobile, Winter of Discontent, working poor, Yom Kippur War
That is the history of the last twenty years.’ Yet even if he could read the runes, in the national memory Callaghan is forever associated with failure. There is the humiliating, cap-in-hand begging for help from the International Monetary Fund, the soaring inflation and interest rates of the late seventies and finally the piled rubbish, vast strike meetings and unburied dead of the 1979 ‘winter of discontent’. There is an arc which plummets through earlier crises under Wilson and Heath, before crashing into final chaos and destruction under Callaghan. Only after the wasteland of his time in office can the bold remaking of Britain under Margaret Thatcher begin. And Callaghan himself had been part of the problem. His sentimental failure to understand the aggression of the union challenge to elected power, and his earlier lack of interest in radical economic ideas, came home to haunt him in Downing Street.
Yet all the lurid drama which imprinted itself on Britain’s memory – the rush back from Heathrow, the dramatic scenes at the Labour conference, the humiliating arrival of the IMF hard men, backed by Wall Street, a political thriller which destroyed Labour’s self-confidence for more than a decade and which was used repeatedly in the Thatcher years as clinching evidence of its bankruptcy – all this could have been avoided. That is only the start. It was the prospect of ever greater cuts in public spending, inflation out of control, and the economy in the hands of outsiders that helped break the Labour Party into warring factions and gave the hard left its great opportunity. Had the IMF crisis not happened would the ‘winter of discontent’ and the Bennite uprising have followed? Healey later said he forgave the Treasury for its mistakes in calculating public sector borrowing needs, because nobody had got their forecasts right. He and they were operating in a new economic world of floating exchange rates, huge capital flows and speculation still little understood. It made him highly critical of monetarism, however, and all academic theories which depended on accurate measurement and forecasting of the money supply.
He said later he could not forgive them: ‘I cannot help suspecting that Treasury officials deliberately overstated public spending in order to put pressure on governments which were reluctant to cut it. Such dishonesty for political purposes is contrary to all the proclaimed traditions of the British civil service.’62 The Callaghan government is remembered for the IMF crisis and for the ‘winter of discontent’. His defenders point out that Callaghan actually presided over a relatively popular and successful government for more than half his time in power – some twenty months out of thirty-seven. Following the IMF affair, the pound recovered strongly, the markets recovered, inflation fell, eventually to single figures, and unemployment fell too. By the middle of 1977, the year of the Queen’s Silver Jubilee, North Sea Oil was coming ashore to the tune of more than half a million barrels a day, a third of the country’s needs.
Chavs: The Demonization of the Working Class by Owen Jones
Asperger Syndrome, banking crisis, Berlin Wall, Boris Johnson, British Empire, call centre, collapse of Lehman Brothers, credit crunch, deindustrialization, Etonian, facts on the ground, falling living standards, first-past-the-post, ghettoisation, Gini coefficient, hiring and firing, housing crisis, illegal immigration, income inequality, informal economy, low skilled workers, low-wage service sector, mass immigration, Neil Kinnock, Occupy movement, pension reform, place-making, plutocrats, Plutocrats, race to the bottom, Right to Buy, rising living standards, The Bell Curve by Richard Herrnstein and Charles Murray, The Spirit Level, too big to fail, unpaid internship, upwardly mobile, We are the 99%, wealth creators, Winter of Discontent, women in the workforce, working-age population
'I recall in the 60s, 70s and 80s, strikers-- and most of the strikers then were working class=-were treated pretty badly in the media, always in a very hostile way,' recalls Mirror jour- nalist Kevin Maguire. Aggressive picketers and 'unions holding the country to ransom' were mainstays of newspaper copy. At the heart of the Tory strategy was their clever manipulation of a series of strikes by largely low-paid public sector workers in 1978 and 1979--or, as it became known, the Winter of Discontent. Even today, over thirty years later, the Winter of Discontent remains a kind of right-wing folk story used to bash unions whenever there is even a murmur of industrial unrest. Scenes of uncollected rubbish rotting in the streets and the dead going unburied are recounted in almost apocalyptic tones. Yet the strikes were almost completely avoidable. James Callaghan'S Labour government had imposed years of effective pay cuts on public sector workers in order to keep down inflation.
Low-paid workers like refuse collectors went on strike in the winter of 1978-9 because their living standards were in free fall, and they were being made to pay for an inflationary crisis that they had had no part in creating. Tony Benn was a minister in the Labour Cabinet during the Winter of Discontent. 'It was a conflict, an economic conflict bejween working people on the one hand and their employers on the other, and the government supported the employers, in effect,' he recalls. 'And it led to a great deal of disillusionment.' There is no doubting that the Winter of Discontent fuelled popular frustration with unions. Right-wing tabloids went into overdrive, making it look like Britain was descending into chaos. Members of the public faced inconvenience because of cancelled services. The increasingly impoverished workers who had been forced to strike did not get a hearing.
No Such Thing as Society by Andy McSmith
anti-communist, Ayatollah Khomeini, Berlin Wall, Big bang: deregulation of the City of London, Bob Geldof, Boris Johnson, British Empire, Brixton riot, call centre, cuban missile crisis, Etonian, F. W. de Klerk, Farzad Bazoft, feminist movement, fixed income, Francis Fukuyama: the end of history, friendly fire, full employment, glass ceiling, God and Mammon, greed is good, illegal immigration, index card, John Bercow, Kickstarter, liberal capitalism, light touch regulation, Live Aid, loadsamoney, long peace, means of production, Mikhail Gorbachev, mortgage debt, mutually assured destruction, negative equity, Neil Kinnock, Nelson Mandela, North Sea oil, Northern Rock, old-boy network, popular capitalism, Right to Buy, Ronald Reagan, Rubik’s Cube, Sloane Ranger, South Sea Bubble, spread of share-ownership, strikebreaker, The Chicago School, union organizing, upwardly mobile, urban decay, Winter of Discontent, young professional
Some groups of employees, such as the Longbridge car-workers or the Fleet Street printers, had a reputation for downing tools on the smallest provocation, but most went on strike rather less often or never at all. Of all the disputes that broke out during the ‘winter of discontent’ of 1978–9, the one that caused the most comment and has stuck in the collective memory was called by the National Union of Public Employees (NUPE), which represented low-paid council employees. It was shocking in a way that a strike by better paid Ford car-workers was not, because it had never happened before and because the people most affected by refuse collectors and dinner ladies stopping work were, inevitably, vulnerable members of the public. There were instances of gravediggers also going on strike for a few days, with the result that corpses stayed longer than intended in the mortuaries. Those unburied bodies became a stock image of the ‘winter of discontent’, as if they had been left lying in the street. A greater number of people were affected by the uncollected refuse, which made back alleys behind shops unpleasant.
They were a weak foreign policy, poor industrial management and, particularly, the power of the British trade unions. When French or German workers went on strike it got them nowhere, he claimed, whereas ‘nearly always in Britain in recent years a strike has led to a very favourable settlement for the employees’. A few months before Nicko wrote his valedictory, Britain had been through the now infamous ‘winter of discontent’, which began in autumn 1978 and lasted until the following February, when there was a rash of strikes that did severe damage to the reputation of the Labour government. This period acquired an almost mythical status throughout the 1980s, as Conservatives referred to it again and again as a dreadful warning of what might happen if the Labour Party, funded by the trade unions, was to return to power.
Healey had cut government expenditure by 1 per cent of GDP per year for five years, a feat no other chancellor came near to repeating. This austerity tore apart an already fractious Labour Party. Worst hit by the cuts were public employees, particularly low-paid council employees, most of whom were members of the National Union of Public Employees (NUPE), a fast expanding, well-organized union whose leaders were driven leftwards by the crisis. It was this which set off the winter of discontent, which Labour sought to defuse by appointing the Clegg Commission to report on public sector wages. It came out with an eye-wateringly generous proposal: council workers’ wages were to be increased by 25 per cent in one year, without any requirement that there should be efficiency savings. This would knock a huge hole in Healey’s efforts to reduce public spending, but Mrs Thatcher and her team were mindful that there was an election looming and that public employees had votes, so they promised to implement Clegg’s recommendations in full.
The Rise and Fall of the British Nation: A Twentieth-Century History by David Edgerton
active measures, Berlin Wall, Big bang: deregulation of the City of London, blue-collar work, British Empire, business cycle, call centre, centre right, collective bargaining, colonial exploitation, Corn Laws, corporate governance, deglobalization, deindustrialization, dematerialisation, deskilling, Donald Davies, double helix, endogenous growth, Etonian, European colonialism, feminist movement, first-past-the-post, full employment, imperial preference, James Dyson, knowledge economy, labour mobility, land reform, land value tax, manufacturing employment, means of production, Mikhail Gorbachev, Neil Kinnock, new economy, non-tariff barriers, North Sea oil, offshore financial centre, old-boy network, packet switching, Philip Mirowski, Piper Alpha, plutocrats, Plutocrats, post-industrial society, rising living standards, road to serfdom, Ronald Reagan, The inhabitant of London could order by telephone, sipping his morning tea in bed, the various products of the whole earth, trade liberalization, union organizing, very high income, wages for housework, wealth creators, Winter of Discontent, women in the workforce, working poor
For example, a film-processing factory (photographic films were sent by post to such factories, and the prints returned by post) in northwest London called Grunwick refused to recognize a trade union, leading to a strike by its workforce of around 400 mostly Asian women. The dispute, involving picketing and large police action, went on for two years from 1976, and pitted the trade unions and the left against an emergent anti-union right. The workers lost. In the Tory mythology which was to dominate from the 1980s, the Thatcher government was elected as a result of the ‘winter of discontent’ of 1978–9, in which unions showed they had too much power over government. The reality was different. There was a strike wave in early 1979, but that was because the unions did not have power over the government. The strikes happened because the Labour government was not prepared to give in to the unions, not because the unions wanted to strike. What had happened was that under the fourth phase of inflation control, the government limited pay settlements to 5 per cent.
The public sector workers tried to do the same, and it was they who were faced down by government, which thus brought on strikes.9 The new Conservative government elected in May 1979 also provoked large-scale strikes. Indeed, most of the strike activity of the year 1979 took place in the Conservative-ruled half of the year. Thus, while the 29.5 million working days lost in 1979, the highest since 1926, are usually unthinkingly allocated to the Labour years, and indeed specifically to the ‘winter of discontent’ strikes of January and February, the real picture is that fully 20.7 million of these working days were lost between July and December 1979. This was itself only just under the total for the previous whole year record since 1926, 1972 under Heath. September 1979, with 11.7 million working days lost is the most strike-intensive month since monthly records began in 1931 and remains a record.
Much of the loss came from the engineering strike for shorter hours, which the unions won, which involved rolling short strikes by 1.5 million workers, leading to the loss of 16 million working days. This now unknown strike was larger than the miners’ strikes of the 1970s and may well have been larger than the general strike of 1926 (excepting the massive lockout of miners).10 By contrast, the winter of discontent months, January and February 1979, had 3.0 and 2.4 million working days lost respectively. This was lower than the time of the miners’ strikes of 1972 and 1974, and comparable to the early months of 1980, with 2.8, 3.2 and 3.3 million days lost.11 The first major strike of 1980 was that of the steel workers, who had hardly gone on strike at all in the whole century. They were on strike for three months, over pay and a closure programme.
Why It's Still Kicking Off Everywhere: The New Global Revolutions by Paul Mason
anti-globalists, back-to-the-land, balance sheet recession, bank run, banking crisis, Berlin Wall, business cycle, capital controls, centre right, citizen journalism, collapse of Lehman Brothers, collective bargaining, creative destruction, credit crunch, Credit Default Swap, currency manipulation / currency intervention, currency peg, do-ocracy, eurozone crisis, Fall of the Berlin Wall, floating exchange rates, Francis Fukuyama: the end of history, full employment, ghettoisation, illegal immigration, informal economy, land tenure, low skilled workers, mass immigration, means of production, megacity, Mohammed Bouazizi, Naomi Klein, Network effects, New Journalism, Occupy movement, price stability, quantitative easing, race to the bottom, rising living standards, short selling, Slavoj Žižek, Stewart Brand, strikebreaker, union organizing, We are the 99%, Whole Earth Catalog, WikiLeaks, Winter of Discontent, women in the workforce, working poor, working-age population, young professional
It became clear the rioters across Britain had organized through social media; above all the Blackberry instant messaging service. Though occasionally led by organized crime, and often by the disorganized petty criminals who form the youth gang fraternity, the overwhelming social characteristic of those arrested was poverty. The events, whose precise significance is still being disputed by criminolo-gists and social theorists, formed a coda to the British winter of discontent. Because—from Millbank to the summer riots—the scale of British discontent looks small beside the Arab Spring, it’s been possible to ignore its significance. But it was significant, both sociologically and politically. Not only did it demonstrate the almost total disconnect between official politics and large sections of young people; it was also the moment that protest methods once known to a committed few were adopted by the uncommitted mass.
On this basis he offers the following dire news to those—like Malcolm Gladwell during the Arab Spring, and more recently the British writer Mark Fisher—who want the movement to break with autonomy and horizontalism: Networked social movements, as all social movements in history, bear the mark of their society. They could not exist without the internet. But their significance is much deeper. They are suited for their role as agents of change in the network society, in sharp contrast with the obsolete political institutions inherited from a historically superseded social structure.22 If this is correct, we can expect horizontalism to survive its first winter of discontent, and to resist absorption into the trade unions or the liberal and social-democratic parties. But having exhausted tent camps and general assemblies with their dearth of demands—having begun the move into ‘everyday life’—what happens next? Where next? The movements that took to the streets in 2011–12 are at a turning point. They have created a strong counter-culture, which resonates among much wider masses of people than actually turn up to erect tents in squares, defend abortion clinics, attend picket lines.
P. 127 cellphones 75–76, 133–34 Central Security (Egypt) 9, 11, 17 Challenge of Slums, The (UN) 198–99 Charles, Prince 51–52 Chávez, Hugo 33 China 38, 78, 108, 112, 121, 125; consumption 109; foreign currency reserves 107; monetary policy 123 Chomsky, N. 28–29 Chris (student demonstrator) 48 Cinco, Mena 196–98, 206, 206–9 Citigroup 67 civil disobedience 56 class struggles 131 Clegg, Nick 44 Climate Camp movement 1, 55 Clinton, Hillary 26 collaborative production 139–41 Coming Insurrection, The 189–91 commodity price inflation 120–22, 195 communes 189, 190 Communiqué from an Absent Future 38–39 Communist Manifesto, The (Marx and Engels) 174, 188–89 communists 80 computer gamers 136 Conservative/Liberal Democrat coalition 44 consumption, and self-esteem 80–81 control 148 co-operatives 84 corruption, threat of 177–78, 205 creative destruction 106 credit crisis 106, 109 credit default swaps 99, 107 Critical Legal Thinking website 54 cross-border links 69–70 Cruz, Gloria 204 cultural stereotypes 27 culture: mass 29–30; popular 65, 176; transnational 69; working-class 72; youth 70 culture wars 178–84 currency manipulation 121–22 currency war 122–24 cyber-repression 78 Czechoslovakia 173 Darkness at Noon (Koestler) 128–29 Davies, Nick 148 Davos 17, 111 Dawkins, Richard 75, 150 Day X, 24 November 2010, London 41–42, 46–48 Debord, Guy 42, 46–17, 51 debt, toxic 110–11 default theory 111 deflationary slump 123 Deleuze, Gilles 46, 85 Delius, Frederick 127, 132, 152, 176 democratic counter-revolution 177, 188 demographics of revolt 66, 66–73; Athens, December 2008 uprising 73; students 66–71; the urban poor 70–72 Deptford 57 Detrick, Terry 154, 155–56, 156 devaluation 91, 122–23 @digitalmaverick 1–2 discontent, three tribes 68–69 disillusionment 68–69 disinformation, counteracting 146 disposable income 67 Dodd–Frank Act (USA) 167 @dougald 1 Dubstep Rebellion 48–52; blog 52; the Book Bloc 50–51; casualties 51; Fleet Street photographers 51; graffiti 51; marchers 49; police–student confrontation 50–51 durable authoritarianism 27, 30, 191 Durkheim, Emile 103–4 Dworkin, Ronald 46 eBay 74 e-commerce 81 economic crisis 3; revolutions, 1848 173 economic stagnation 191–92 economic theory 111 Economist, the 25 egoism 132 Egypt: bread prices 11; democratic counter-revolution 177; economic growth 119; economic indicators 119–20; elections, November 2011 177; Gini Index 119; inflation 120–21; opposition movement 10; organized workforce 72; police corruption 11; privatizations 17–18; unemployment 119–120; urban poor 71; working class 19–20 Egyptian revolution, the: the Army and 178; balance sheet 5; bread prices 11; casualties 17; chants 191, 211; counter-revolution 18; Day of Rage, 28 May 15–17; and Facebook 6, 10, 11, 12, 14; freedom 5; immolations 11, 71; Internet switched off 14; medical professions 20–22; military coup 17–19; numbers involved 13; outbreak, 25 January 10–14, 83; police violence 15; questions facing 23–24; Twitter blocked 14; Twitter feeds 13, 14; ultras 16–17; working class 20; on YouTube 11, 14, 15–16; zabbaleen riots 6–10 email 10 emancipated life 143–44 Engels, Friedrich 174, 188–89, 190 @eponymousthing 184 equity withdrawal 114 Estero de San Miguel, Manila 196–99, 205–6, 206–9 Eternal Sunshine of the Spotless Mind, The (film) 29 Eurobonds 113 Eurocrisis, the 111–13 European Central Bank 92, 98, 104, 112 European Financial Stability Facility 92, 104 European Financial Stabilization Facility 113 European monetary union 112, 113 European Union: response to Greek debt crisis 91–92, 96, 98–99, 104; sovereign debt crisis 104 Europe, revolutions, 1848 172 Eurozone 104; debt crisis 91–92, 99, 111–13 Execution of Maximilian (Manet) 53 exploitation 85 Facebook 74; Arab world growth of 135; and the Egyptian revolution 6, 10, 11, 12, 14; establishing connections with 75; ‘We are all Khaled Said’ page 11; and the Iranian revolution 34; and London trade-union demonstration, March 2011 57–58; Middle East usage 135; reciprocity 77; user numbers 135 Farewell to the Working Class (Gorz) 79–80 fatalism 30, 31 feedback loops 187 Feldstein–Horioka paradox 107 Feldstein, Martin 107 Fennimore and Gerda (Delius) 127, 132 First World War 128 Fisher, Mark 30 Flaubert, Gustave 171, 192 Flickr 10, 75 Food Price Index 121 Fordist era 28 Foucault, Michel 46, 84–85 fragmentation 80–81, 82 fragmented power 17 ‘Fragment on Machines’ (Marx) 143–44 France 173; Languedoc, 1848 174, 187; socialism 188; see also Paris freedom 27, 124; of expression 127; individual 127–30; Marx on 141–42; suppression of 131–33 Freeman, Richard 108 free-market economics 92, 188 Friedman, Milton 111 Fukuyama, Francis 30 G20 Summit, 2009 48, 122 Gaddafi, Muammar 25, 31 Gapan City, Philippines 193–96 Gates, Bill 23, 110 gay rights 132 Gaza 37; Israeli invasion of 33 Gaza City 31 Gaza Flotilla, May 2010 55 general intellect, the 144, 145–47 General Motors 39 Germany 113, 191; revolution of 1848 172; wages 108, 112 @Ghonim 13 Giddens, Anthony 31 Gide, André 127 Giffords, Gabrielle 182 Gini Index 119 Gladwell, Malcolm 81–82, 83 global capital flows 107–8 global financial crisis 31, 39, 66–67, 85, 110–11, 115, 191 globalization 69,72, 105, 108, 109, 122, 124, 149, 191 Golkar, Saeid 78 Googlebombs 78 Gorz, André 79–80, 143 graduate with no future, the 66–73, 96–97; disposable income 67; as international sub-class 69; life-arc 67; numbers 70; revolutionary role 72–73; and the urban poor 70–71 Grapes of Wrath, The (Steinbeck) 153, 155, 159, 163, 164 Great Britain: anti-road movement 56; benefit system 113–14; changing forms of protest 54–57; collapse of Labour 113–15; devaluation 123; Education Maintenance Allowance 47; end of winter of discontent 61–62; equity withdrawal 114; European elections, 2009 115; general election, 2010 43; the graduate with no future 96–97; Millbank riot 42–44; non-UK born workers 115; police failures 61; public spending cuts 54–55; radical tactics 54–57; spontaneous horizontalists 44–46; Strategic Security and Defence Review 124; student population 70; UK Uncut actions 54–55; university fees 44, 47, 50, 54; youth 41–42, 44, 53–54; youth unemployment 66 Great Depression, lessons of 123–25 Great Doubling 108 Great Unrest, 1914 175–76 Greece 37, 188; anomic breakdown 103–4; austerity programme 92–93, 102; bailouts 92, 96, 98, 113; cabinet reshuffle 96, 97–98; debt crisis 90, 91–92, 98–99, 112; GDP 91; general election, 2009 91; general strike 99; the left 100; media ownership 87; Medium Term Fiscal Strategy 91; model of capitalism 102; MP resignations 89; Papandreou government falls 96; political legitimacy lost 104; the salariat 101; tax evasion 97; tax revenues 92; tax system 91; see also Athens Greek Communist Party (KKE) 88, 90 Grigoropoulos, Alexandras 32 grime (music) 52 Grossman, Vasily 129 @GSquare86 69 Guindi, Ezzat 9 hackers 35 el-Hamalawy, Hossam, @3arabawy 10, 22, 71 Hardy, Simon 69 Hayek, Friedrich 111, 209 Henderson, Maurice 161–62 Hennawy, Abd El Rahman, @Hennawy89 12–13 Here Comes Everybody (Shirky) 138 Herman, Edward S. 28–29 hidemyass.com 14 hierarchy: erosion of 80–81; informal 83; predictability of 77 higher education market 67 Hill, Joe 176 historical materialism 131 Hogge, Becky 140 homelessness 159–63 Hoon, Geoff 114 Horioka, Charles 107 horizontalism 45, 55, 56, 62, 100 Huffington Post blog 184 human rights 143 Hungary 172 Ian’s Pizza, Madison, Wisconsin 184 Ibrahim, Gigi, @GSquare86 69 ideology 29, 149 immolations 11, 32, 71 impotence, zeitgeist of 29–30 impoverishment 209 Inception (film) 29 India 120–21 Indiana 116–17, 125 indignados, the 88, 100–1, 104 individual: freedom of 127–30; power of the 65, 79; rise of the 127–30 Indorama group 22 industrialization 192 Indymedia 74 inequality 209 inflation 109, 120–21 info-capitalism 148, 211 info-hierarchies 147–52 info-revolution, the 146, 149–50 informal hierarchies 83 information capitalism 145 information management 147 information networks 77 information tools 75 Inkster, Nigel 65 institutional loyalty 68 interest rates 67 International Labour Organization 19–20, 120 International Monetary Fund 92 Internet consciousness 136–38 Internet, the: access in slums 207; Arab world growth 135; and behaviour changes 131; and the Iranian revolution 35; out of reach for some 152; power of 29; shutdowns 14, 78; and the spread of ideas 150–51 investment, and savings 107 Invisible Committee, the 189–91 Iran 25; causes of failure of revolution 36–37; election, 2009 33–34; and the Internet 35; and the Middle East balance of power 178; rooftop poems 36; Twitter Revolution 33–37, 78, 178; on YouTube 34, 35 Iraq 25, 55 Ireland 92, 111, 112, 188 Islam 30, 37 Israel 26, 33, 179–80 Italy 104 Jakarta 33 James, C.
Protest and Power: The Battle for the Labour Party by David Kogan
Berlin Wall, Bernie Sanders, Boris Johnson, Bretton Woods, Brixton riot, centre right, crowdsourcing, Donald Trump, Etonian, F. W. de Klerk, falling living standards, financial independence, full employment, imperial preference, means of production, Mikhail Gorbachev, Neil Kinnock, Nelson Mandela, Northern Rock, open borders, race to the bottom, Ronald Reagan, wealth creators, Winter of Discontent, Yom Kippur War
In 1979, the battles would have to be fought all over again but before the next conference, Labour’s world fell apart and all the rules of engagement were rewritten. 2 The Years that Changed Everything In September 1978, James Callaghan teased the Labour movement with a possible general election and then failed to call it. The public sector trade unions declared a series of strikes against Callaghan’s pay cap in what was known as ‘the winter of discontent’ and in May 1979, Margaret Thatcher’s Conservative party was elected to power. The Callaghan government was exhausted, out of ideas and open to attack from both flanks. Labour had been the party of government for eleven of the previous fifteen years. Margaret Thatcher was seen as an unlikely choice for prime minster as her monetarist agenda was not only at odds with the prevailing political orthodoxy of both parties, it was thought to be unworkable.
The lure of money was to become an early issue, and from 1994 to 1997, attracting business support was a prime objective. This was partially to offset trade union funding and partially because New Labour loved business and business people quite indiscriminately. The modernisers had abiding memories of the 1970s, with trade unions influencing government policy and then turning on the Labour government during the winter of discontent. They were determined to bring in the world of business through the employers’ organisation, the CBI, as a balanced partner in government policymaking. The anti-union legislation of the 1980s was not repealed and the emphasis on keeping to the Conservative’s spending plans, not increasing the higher rate of income tax, and getting filthy rich was all fine – so long as taxes were paid. This was not in the Labour tradition.
W. here Deans, Stevie here debt cancellation here Deepening Divides here ‘dementia tax’, here democracy review here Democratic Unionist Party (DUP) here, here, here Department for International Development, creation of here Derer, Vladimir here, here, here, here, here, here, here, here, here, here, here, here, here Desmond, Richard here Dewar, Donald here, here Diana, Princess of Wales here Dilnot, Sir Andrew here Dimbleby, David here Dobson, Frank here, here Dowd, Peter here Dowler, Millie here Draper, Derek here Duffield, Rosie here Duffy, Gillian here, here Duffy, Terry here, here Dugdale, Kezia here Dugher, Michael here, here Duncan Smith, Iain here, here Dunkerton, Julian here Durham Miners Gala here Dyke, Greg here Eagle, Angela here, here, here, here, here, here Eagle, Maria here Ecclestone, Bernie here electoral college here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here abolished in party reforms here, here, here Ellman, Louise here, here, here, here, here Euro, Brown refuses to join here, here, here, here European Central Bank here European Commission here European Economic Community (EEC) here, here, here, here, here, here, here European Union (EU) here, here, here, here, here EU referendum here, here, here, here, here, here, here, here, here, here, here, here, here, here second referendum/People’s Vote campaign here, here, here, here, here, here, here, here see also Article here; Brexit European Research Group (ERG) here, here, here, here, here, here, here exchange rate mechanism (ERM) here Fabian Society here Falkirk crisis here, here, here, here, here, here, here Falklands War here, here, here, here Farage, Nigel here, here, here, here ‘Fares Fair’ policy here, here Field, Frank here Fields, Terry here, here financial crash (2008) here, here, here Fisher, Andrew here, here, here, here fixed-term parliaments here, here, here Flannery, Martin here Fletcher, Kat here, here, here Fletcher, Simon here, here, here, here, here, here, here, here, here, here, here, here Follett, Barbara here Foot, Michael here, here, here, here, here, here, here, here, here, here, here For Our Future’s Sake (FFS) here For the Many, Not the Few here Formby, Jennie here, here, here, here, here Foster, Michael here Foster-Ogg, Beth here, here, here, here, here, here, here Freedland, Jonathan here Freedom of Information Act here, here French National Assembly here Fresh Start here Fulham by-election here G8 conference here Galloway, George here, here, here, here Gapes, Mike here gay marriage, legalisation of here general elections (1974) here (1979) here, here, here, here (1983) here, here, here (1987) here, here, here (1992) here (1997) here, here, here, here, here, here, here (2001) here, here, here, here (2005) here, here (2010) here, here, here (2015) here, here, here, here, here, here, here (2017) here, here, here, here, here, here, here, here Gibraltar here, here Gilligan, Andrew here Glasgow East by-election here Glastonbury here, here, here GMB here, here, here, here, here, here, here, here, here, here, here Godfrey Wood, Rachel here, here, here Golding, John here Goldsmith, Zac here, here Good Friday agreement here, here, here Goodwin, Fred here goose dinner coup here Gorbachev, Mikhail here Gould, Bryan here, here Gould, Philip here, here, here Gove, Michael here, here, here, here, here Grande, Ariana here Granita restaurant here, here Grassroots Alliance (GRA) here, here, here, here Grayling, Chris here Greater London Council (GLC) here, here, here, here, here, here, here Greek debt crisis here, here, here Green, Damian here Green, Kate here Green, Philip here Green Party here, here, here, here Greenstein, Tony here, here, here, here Grenfell Tower disaster here, here Grey, Sir Edward here Grieve, Dominic here, here Griffiths, Nia here Hague, William here Hain, Peter here, here Halligan, Alex here, here, here Hamas here, here Hanretty, Chris here Harman, Harriet here, here, here, here, here, here, here, here, here, here, here, here, here, here, here and leadership campaign (2015) here, here, here, here Harris, Andy here Hassassian, Manuel here Hattersley, Roy here, here, here, here, here, here, here, here, here, here Hayball, Harry here, here, here, here Hayes, Billy here Hazarika, Ayesha here, here, here, here, here and leadership election (2015) here, here, here, here Healey, Denis here, here, here, here, here deputy leadership election (1981) here, here Healey, John here, here Heath, Edward here, here, here Heffer, Eric here, here, here, here, here Hewitt, Patricia here, here, here Hezbollah here Hill, Fiona here Hitler, Adolf here Hodge, Margaret here, here, here, here, here Hoey, Kate here, here Holland, Stuart here Holocaust denial here, here, here Holocaust Memorial Day here Home Affairs Select Committee report here homelessness here Hoon, Geoff here Hope Not Hate here, here, here House of Lords here, here, here, here, here, here, here, here Howard, Michael here Hughes, Simon here Humphrys, John here Hunt, Tristram here, here, here Hussein, Saddam here, here Hutton report here immigration here, here, here, here, here, here, here, here, here, here, here, here, here, here Conservative immigration bill here, here income tax here, here, here, here, here, here Industrial Relations Act (1971) here Institute for Public Policy Research here, here International Holocaust Remembrance Alliance (IHRA) code here, here, here International Monetary Fund (IMF) here, here, here Iran here, here Iranian Press TV here Iraq War here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here Irvine, Derry here Islamic State (ISIS) here, here Islamophobia here Israel here, here, here, here, here Izzard, Eddie here, here, here, here, here Jackson, Glenda here Jarvis, Dan here Javid, Sajid here Jenkins, Roy here, here, here, here, here, here, here Jewish Chronicle here, here, here Jewish Labour Movement (JLM) here, here, here, here, here Jewish Voice for Labour (JVL) here, here, here, here Johnson, Alan here, here, here, here Johnson, Boris here, here, here, here, here, here, here Joint Policy Committee here Jones, Carwyn here Jones, Owen here Joseph Rowntree Foundation here Jowell, Tessa here, here Joyce, Eric here Kaufman, Gerald here Kelly, Dr David here Kelly, Ruth here Kendall, Liz here, here, here, here, here, here, here, here Kennedy, Alicia here Kenny, Paul here, here, here, here, here, here, here, here, here, here, here, here, here Keynes, John Maynard here Khan, Sadiq here, here, here, here, here, here Kinnock, Glenys here Kinnock, Neil here, here, here, here, here, here, here, here, here, here, here, here and deputy leadership election (1981) here, here, here general election defeat (1992) here, here and general election defeat (2015) here leadership election (1983) here, here, here, here and New Labour here, here, here political style here, here Kinnock, Stephen here, here, here, here, here Kinnock: the movie here Kitson, Alec here Klug, Adam here, here, here, here, here, here Kosovo intervention here Krugman, Paul here Labour Against the Cuts here Labour and Britain in the 1990s here Labour Friends of Israel here Labour List here, here Labour Live here Labour Party Marxists here, here Labour Party Young Socialists (LPYS) here Labour Representation Committee here, here Labour Roadmap here Labour Solidarity campaign here, here Labour Victory here Labour’s Programme for Britain here Lammy, David here, here, here Lansman, Jon here, here, here, here, here, here, here, here, here, here, here, here and antisemitism row here, here, here, here, here challenges general secretary here, here and democracy review here and deputy leadership election (1981) here, here, here and EU referendum/Brexit here, here, here and general election campaign (2015) here and general election victory (1997) here and Iraq war here and Kinnock leadership here and John Smith’s death here and leadership election (1983) here and leadership election (2007) here and leadership election (2010) here and leadership election (2015) here, here, here, here, here, here and leadership election (2016) here and Momentum here, here, here, here, here, here, here and NEC elections here, here and New Labour here, here Lansman, Max here, here Lavery, Ian here, here, here, here Leadsom, Andrea here Left Against Brexit here Left Futures here, here Lehman Brothers here Lenin, Vladimir here Leslie, Chris here, here, here, here Leveson inquiry here Lewis, Clive here, here, here, here, here, here LGBT rights here, here Liberal Democrats here, here, here, here, here, here, here, here and coalition government here, here, here, here and EU referendum/Brexit here, here and general election (2015) here, here and general election (2017) here, here Libyan intervention here, here Liddle, Roger here Lineker, Gary here literacy and numeracy targets here Livermore, Spencer here, here, here, here, here, here, here, here Liverpool, Lord here Livingstone, Ken here, here, here, here, here, here, here, here and antisemitism row here, here, here, here and London mayoral elections here, here, here Local Government Act (1985) here London bombings here, here London Bridge attack here London Labour Briefing here London mayoral elections here, here, here, here, here, here, here, here, here, here, here, here, here Long-Bailey, Rebecca here, here, here, here LOTO (leader of the opposition’s office) here, here, here, here, here, here, here, here, here, here and antisemitism row here, here, here, here, here and EU referendum/Brexit here, here, here, here, here, here Loughran, Patrick here, here Lucas, Caroline here, here, here McBride, Damian here, here McCluskey, Len here, here, here, here, here, here, here, here, here, here, here, here and antisemitism row here, here and EU referendum/Brexit here, here, here, here, here, here, here and general election campaign (2017) here, here McCluskie, Sam here McDonagh, Margaret here McDonald’s here McDonnell, John here, here, here, here, here, here and antisemitism row here, here and EU referendum/Brexit here, here, here, here, here, here and general election defeat (2015) here and leadership election (2007) here, here and leadership election (2010) here, here, here, here and leadership election (2015) here, here, here, here, here, here, here and leadership election (2016) here, here, here, here, here and Miliband leadership here and Momentum here, here and New Labour here, here, here, here and Northern Ireland here repudiates idea of leadership here and Salisbury poisoning here as shadow chancellor here, here, here, here, here, here, here, here, here, here McFadden, Pat here, here, here, here McGrory, James here McIntosh, Andrew here McNicol, Iain here, here, here, here, here, here McVey, Esther here Maguire, Kevin here Major, John here, here, here Manchester Arena bombing here mandatory reselection here, here, here, here, here, here, here, here, here, here, here, here, here, here Mandela, Nelson here Mandelson, Peter here, here, here, here, here, here, here, here, here, here, here and Brown premiership here, here, here and EU referendum/Brexit here, here, here and Falkirk crisis here and Miliband leadership here, here and New Labour here, here, here, here, here, here Mann, John here, here, here, here, here Marris, Rob here Marsden, Gordon here Mattinson, Deborah here, here May, Theresa here, here, here, here, here, here, here and EU referendum/Brexit here, here, here, here, here, here general election campaign (2017) here, here, here post-2017 election here, here, here and resignations here and Salisbury poisoning here Meacher, Michael here, here, here, here, here, here, here, here, here, here, here Mellish, Robert here, here membership in decline here figures ix, here, here, here, here, here, here, here, here, here, here, here registered supporters’ scheme here, here, here, here, here £3 supporters here, here, here, here Michael, Alun here Midgley, Anneliese here, here, here, here Mikardo Compromise here Mikardo, Ian here Milburn, Alan here Miliband, David here, here, here, here, here and leadership election (2010) here, here, here, here, here Miliband, Ed here, here, here, here, here, here, here, here, here, here, here and antisemitism row here, here, here and Corbyn leadership here and EU referendum/Brexit here, here, here, here general election (2015) here, here, here, here, here and immigration here leadership here, here leadership election (2010) here, here, here, here and leadership election (2015) here, here and New Labour here, here, here, here, here, here, here, here, here, here and party reforms here, here, here personality here shadow cabinet here, here Miliband, Ralph here, here Militant Tendency here, here, here, here, here, here, here, here, here, here, here, here, here Millennium Dome here Miller, Gina here, here, here Milne, Seumas here, here, here, here, here, here, here, here, here, here, here, here, here and EU referendum/Brexit here, here, here, here Milošević, Slobodan here miners’ strikes here, here, here, here minimum wage here, here, here, here, here Momentum here, here, here, here, here, here, here, here, here, here and antisemitism row here, here, here, here general election campaign (2017) here, here and EU referendum/Brexit here, here, here, here, here post-2017 election here, here, here, here The World Transformed (TWT) here, here, here Moore, Jo here Moran, Lyla here Morgan, Nicky here, here Morgan, Rhodri here Morrell, Frances here, here Mosey, Roger here Mountford, Jill here MPs’ expenses scandal here, here Mullin, Chris here, here, here, here, here, here Munich Olympics here Murdoch, James here Murdoch, Rupert here, here Murphy, Jim here, here, here, here Murphy, Karie here, here, here, here, here, here, here Murray, Andrew here, here, here, here, here, here, here Murray, Laura here Nandy, Lisa here Nardell, Gordon here National Audit Office (NAO) here National Coal Board (NCB) here National Constitutional Committee (NCC) here, here, here, here, here National Executive Committee (NEC) and antisemitism row here, here, here, here, here and Bennite economic programme here, here, here and Blair leadership here and ‘Blairite plots’, here and democracy review here and expulsion of Militant Tendency here, here and general election manifesto (2017) here and leadership election (2016) here Momentum and here post-2017 election here, here and rise of New Left here, here, here, here, here National Insurance here National Policy Forum here, here, here, here National Union of Mineworkers (NUM) here, here, here National Union of Public Employees (NUPE) here, here, here National Union of Seamen here NATO here, here Nellist, Dave here, here, here Netanyahu, Benjamin here New Deal here, here New Labour here, here, here, here, here, here, here, here, here achievements here and Brown succession here bullying here candidate selection here and Corbyn here corporate style here corporatism and cronyism here, here and EU referendum/Brexit here, here, here, here, here failure and conflict here inexperience here, here and leadership election (2015) here, here, here, here, here legacy of here and lower taxation here and media here, here and Miliband leadership here, here, here, here, here, here and Momentum here public service reforms here rising opposition to here, here and trade unions here, here, here, here New Left here, here, here, here, here, here, here, here, here, here, here, here, here, here and antisemitism row here and Bishops Stortford meeting here and Blair leadership here and deputy leadership election (1981) here, here and expulsion of Militant Tendency here and leadership election (1983) here rise of here News of the World here, here NHS here, here, here, here, here, here, here, here, here Nicholson, Paul here 9/11 attacks here, here, here, here North Korea here, here Nunns, Alex here Nye, Sue here Obama, Barack here, here oil price hike (1973) here Oldknow, Emilie here Oliver, Craig here one member one vote (OMOV) here, here, here, here, here, here, here, here, here and ‘golden vote’, here Momentum and here Open Britain here, here, here open primaries here, here, here, here Osamor, Kate here, here, here, here Osamor, Martha here Osborne, George here, here, here, here, here, here, here, here, here, here, here Oslo Accords here Our Future Our Choice (OFOC) here Owen, David here, here, here, here Palestine Liberation Organisation (PLO) here Palestine Solidarity Campaign here Palestinian conflict here, here, here, here, here, here, here, here, here Palestinian Live (Facebook group) here Palestinian National Authority here Parker, Laura here, here, here, here, here, here, here party leader, election of here, here, here, here, here, here and party reforms here, here Paulson, Hank here Paxman, Jeremy here, here People’s Vote/second referendum campaign here, here, here, here, here, here, here, here PFIs and public-private partnerships here, here, here Philips, Jess here phone-tapping scandal here Pinter, Harold here Pitt, Bill here Plaid Cymru here, here, here Poale Zion here poll tax here Pollard, Stephen here Popular Front for the Liberation of Palestine (PFLP) here Portillo, Michael here Powell, Enoch here Powell, Lucy here, here, here, here, here, here, here, here, here, here Poynton, Gregor here preference votes, importance of here, here, here Prentice, Reg here Prentis, Dave here Prescott, John here, here, here, here Prideaux, Francis here, here Project Fear here, here, here, here, here, here proportional representation here, here, here public-private partnerships, see PFIs and public-private partnerships Purnell, James here, here Putin, Vladimir here Raab, Dominic here Rabin, Yitzhak here Race, Reg here rail nationalisation here, here, here Rank and File Mobilising Committee (RFMC) here, here, here, here, here, here Rates Act (1984) here Rayner, Angela here, here, here, here, here, here Read, Jamie here Reagan, Ronald here Rees, Emma here, here, here, here, here, here, here, here, here, here Rees-Mogg, Jacob here Reeves, Rachel here refugees here, here, here, here, here Reid, John here Reprieve here Richardson, Jo here, here, here Ridge, Sophy here Ridley, Nicholas here Robinson, Tony here Rodgers, Bill here, here, here, here, here Rose, Sir Stuart here Rothschild family here Royal Mail here Rudd, Amber here, here Rudd, Roland here Ruddock, Joan here Rumsfeld, Donald here Russia Today (RT) here, here Sacks, Jonathan here Sainsbury, David here, here St Ermin’s Group here Salisbury poisoning here, here Salmond, Alex here, here Sanders, Bernie here Sawyer, Tom here, here, here, here Scargill, Arthur here, here Schneider, James here, here, here, here, here Schonfield, Victor here, here, here Scott, Derek here Scottish independence referendum here, here Scottish Labour Party here, here, here, here, here, here, here Scottish National Party (SNP) here, here, here, here, here, here, here, here, here, here, here Scottish Parliament here, here SDP-Liberal Alliance here, here, here Section here, here Shabi, Rachel here Shadow Communications Agency (SCA) here, here, here, here Shah, Naz here Shawcroft, Christine here, here, here, here, here, here Short, Claire here Shuker, Gavin here Sierra Leone here Silkin, John here Skinner, Dennis here, here ‘Smeargate’, here Smeeth, Ruth here, here, here, here Smith, Andrew here Smith, Angela here, here Smith, Cat here Smith, Delia here Smith, John here, here, here, here, here, here, here, here, here, here Smith, Laura here Smith, Owen here, here, here, here, here, here Social Democratic Party (SDP) here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here see also SDP-Liberal Alliance social media here, here, here, here, here, here, here, here, here, here, here, here, here, here, here and antisemitism row here, here, here, here, here, here Socialist Action here, here Socialist Campaign Group here, here, here, here, here, here, here Socialist Party here, here Soffa, Ben here, here Somalia here Soubry, Anna here, here, here South Africa, end of apartheid here Stalin, Josef here Starmer, Sir Keir here, here, here, here, here, here, here Stop the War Coalition here, here, here, here, here, here, here, here, here Straight Left here, here Straw, Jack here Straw, Will here, here Streeting, Wes here, here student politics, and state of Israel here Sturgeon, Nicola here, here Sugar, Alan here Sure Start here Swinson, Jo here Syrian war here, here, here, here, here, here al-Taher, Maher here Tarry, Sam here Tatchell, Peter here, here, here Taverne, Dick here tax credits here Taylor, Byron here, here, here, here, here Thatcher, Margaret here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here Thornberry, Emily here, here, here, here three-day week here Tiananmen Square massacre here Timothy, Nick here, here Todd, Eloise here, here Toxteth riots here Toynbee, Polly here trade unions block votes here, here, here and party reforms here see also individual unions Trades Unions and Labour Party Liaison Organisation (TULO) here, here, here, here, here Transport and General Workers’ Union (TGWU) here, here, here, here Tribune here, here Tribune Group here, here, here, here, here, here, here, here Trickett, John here, here, here, here, here Trident here, here, here Triesman, David here, here Trotskyists here, here, here, here, here, here, here, here see also Alliance for Workers’ Liberty; Militant Tendency Trump, Donald here, here TSSA here, here, here, here, here, here, here, here, here tuition fees here, here, here, here, here Turkey, and EU here Turley, Anna here Turner, Steve here Twigg, Stephen here UKIP here, here, here, here, here, here, here, here Ukraine here Umunna, Chuka here, here, here, here, here, here, here, here, here UN report on UK poverty here unemployment here, here, here unilateral nuclear disarmament here, here Unison here, here, here, here Unite here, here, here, here, here, here, here, here, here, here, here, here and EU referendum/Brexit here, here, here, here and leadership election (2015) here, here, here, here, here, here, here Unite Against Fascism here universal credit here, here, here US Federal Reserve here USDAW here, here, here Valdai Discussion Club here Varley, Eric here VAT here, here, here, here Vice here, here, here Viera, Diego here Vietnam War here Villiers, Theresa here Vine, Jeremy here Wadsworth, Marc here, here Walker, Jackie here, here Wall, Pat here, here Walsh, Matt here Watson, Tom here, here, here, here, here, here and antisemitism row here, here, here, here, here and Corbyn leadership here deputy leadership election (2015) here, here, here and EU referendum/Brexit here, here and leadership election (2016) here, here, here, here Webbe, Claudia here Welfare Reform and Work Bill here, here Welsh Assembly here, here Welsh Labour Party here, here, here, here Wembley conference (1981) here, here, here, here, here West, Dominic here Whelan, Charlie here, here Whittingdale, John here Whitty, Larry here Williams, Shirley here, here, here, here, here, here, here, here Williams, Zoe here Williamson, Chris here, here Willsman, Pete here, here, here, here, here, here, here, here, here, here Wilson, Harold here, here, here ‘winter of discontent’, here Winterton, Rosie here, here, here, here Wise, Audrey here Wolfson, Rhea here Wood, Stewart here, here, here, here, here, here Woodcock, John here Woodward, Shaun here Yearley, Anna here, here, here, here, here, here, here, here, here Yemen here Young Labour here Yugoslavia here zero-hours contracts here Zionism and Zionists here, here, here, here, here, here, here, here, here, here Plates The first referendum in 1975, Tony Benn against Roy Jenkins.
A Little History of Economics by Niall Kishtainy
"Robert Solow", Alvin Roth, British Empire, Capital in the Twenty-First Century by Thomas Piketty, car-free, central bank independence, clean water, Corn Laws, creative destruction, credit crunch, Daniel Kahneman / Amos Tversky, David Ricardo: comparative advantage, Eugene Fama: efficient market hypothesis, first-price auction, floating exchange rates, follow your passion, full employment, George Akerlof, greed is good, Hyman Minsky, inflation targeting, invisible hand, John Nash: game theory, John von Neumann, Joseph Schumpeter, Kenneth Arrow, loss aversion, market clearing, market design, means of production, moral hazard, Nash equilibrium, new economy, Occupy movement, Pareto efficiency, Paul Samuelson, prisoner's dilemma, RAND corporation, rent-seeking, Richard Thaler, rising living standards, road to serfdom, Robert Shiller, Robert Shiller, Ronald Reagan, sealed-bid auction, second-price auction, The Chicago School, The Great Moderation, The Market for Lemons, The Wealth of Nations by Adam Smith, Thomas Malthus, Thorstein Veblen, trade route, Vickrey auction, Vilfredo Pareto, washing machines reduced drudgery, wealth creators, Winter of Discontent
CHAPTER 29 Money Illusion During the winter of 1978–79, Britain was covered in unusually thick snow and ice – and was experiencing a blizzard of strikes by workers. In Liverpool, the dead were turned away from cemeteries when the gravediggers threw down their shovels. In other places, supermarket shelves were bare because lorry drivers refused to drive. Newspaper headlines warned of economic ruin. The miserable months became known as the ‘winter of discontent’ and have often been looked back on as the point at which Keynesian economics, dominant since the Second World War, lay down and died. Economic problems were brewing in Britain and America long before the end of the 1970s, though. Keynesian policies had been based on the Phillips curve, which showed that lower unemployment went with higher inflation, and higher unemployment went with lower inflation.
Let markets breathe and a healthy, stable economy would result. The route to that was to enhance the economy’s supply (what its businesses were able to produce), not its demand. Economists thought that if governments removed company taxes and loosened restrictions on markets, businesses would be encouraged to produce more and employ more workers. These ideas became known as ‘supply-side economics’. And in the decades following the winter of discontent, these were the sorts of things that governments tried to do. CHAPTER 30 Future Gazing In life you have to make guesses all the time about what’s going to happen. You know that it takes twenty minutes to get to town, so if you need to be there at 9.00 a.m., tomorrow you’ll be at the bus stop at 8.40 a.m. How do you know that the bus will take twenty minutes? Because that’s how long it took today, yesterday and for as far back as you remember.
Stolen: How to Save the World From Financialisation by Grace Blakeley
"Robert Solow", activist fund / activist shareholder / activist investor, asset-backed security, balance sheet recession, bank run, banking crisis, banks create money, Basel III, basic income, battle of ideas, Berlin Wall, Big bang: deregulation of the City of London, bitcoin, Bretton Woods, business cycle, call centre, capital controls, Capital in the Twenty-First Century by Thomas Piketty, Carmen Reinhart, central bank independence, collapse of Lehman Brothers, collective bargaining, corporate governance, corporate raider, credit crunch, Credit Default Swap, cryptocurrency, currency peg, David Graeber, debt deflation, decarbonisation, Donald Trump, eurozone crisis, Fall of the Berlin Wall, falling living standards, financial deregulation, financial innovation, Financial Instability Hypothesis, financial intermediation, fixed income, full employment, G4S, gender pay gap, gig economy, Gini coefficient, global reserve currency, global supply chain, housing crisis, Hyman Minsky, income inequality, inflation targeting, Intergovernmental Panel on Climate Change (IPCC), Kenneth Rogoff, Kickstarter, land value tax, light touch regulation, low skilled workers, market clearing, means of production, money market fund, Mont Pelerin Society, moral hazard, mortgage debt, negative equity, neoliberal agenda, new economy, Northern Rock, offshore financial centre, paradox of thrift, payday loans, pensions crisis, Ponzi scheme, price mechanism, principal–agent problem, profit motive, quantitative easing, race to the bottom, regulatory arbitrage, reserve currency, Right to Buy, rising living standards, risk-adjusted returns, road to serfdom, savings glut, secular stagnation, shareholder value, Social Responsibility of Business Is to Increase Its Profits, sovereign wealth fund, the built environment, The Great Moderation, too big to fail, transfer pricing, universal basic income, Winter of Discontent, working-age population, yield curve, zero-sum game
But the second oil price spike — which came three years after the UK had sought an emergency loan from the International Monetary Fund — was the nail in the coffin of the social contract. In 1979, with inflation spiralling once again, the unions pushed for a return to free collective bargaining. 1979 was the coldest winter since 1962, and the combination of industrial action, economic stagnation, and energy shortages led to its being termed the “Winter of Discontent”. A sense of crisis hung in the air. In January 1979, Prime Minister James Callaghan was at a summit in Guadeloupe and was asked by a journalist about “the mounting chaos in the country”. He responded that he didn’t think others would agree with the journalist’s assessment that the country was in chaos. The following day, the Sun famously ran with the headline: “Crisis, What Crisis?”. By 1979, Britain was at a crossroads: the unions would not back down, and the social democratic state could not afford to confront them.
Even if they weren’t particularly keen on privatisation, people were sick to death of the constant disruption associated with industrial disputes, with the high levels of inflation and unemployment, and with the state’s apparent inability to deal with any of these issues. Many people voted for Thatcher in 1979 because she appeared to be one of the few politicians who was able to make sense of what was going on and provide workable solutions. Even if you didn’t like the Thatcherite agenda, after the Winter of Discontent you might have thought it was worth a try. Milton Friedman — one of the founders of the Mont Pelerin Society — knew this better than anyone. Looking back on the neoliberal victories of the 1980s, he wrote: Only a crisis — actual or perceived — produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around. That, I believe, is our basic function: to develop alternatives to existing policies, to keep them alive and available until the politically impossible becomes the politically inevitable.
The Defence of the Realm by Christopher Andrew
active measures, anti-communist, Ayatollah Khomeini, Berlin Wall, British Empire, Clive Stafford Smith, collective bargaining, credit crunch, cuban missile crisis, Desert Island Discs, Etonian, Fall of the Berlin Wall, G4S, glass ceiling, illegal immigration, job satisfaction, large denomination, liquidationism / Banker’s doctrine / the Treasury view, Mahatma Gandhi, Mikhail Gorbachev, Neil Kinnock, North Sea oil, post-work, Red Clydeside, Robert Hanssen: Double agent, Ronald Reagan, sexual politics, strikebreaker, Torches of Freedom, traveling salesman, union organizing, uranium enrichment, Vladimir Vetrov: Farewell Dossier, Winter of Discontent
The Confederation of Health Service Employees (COHSE) had ‘no subversives at executive or full time national official level’.70 The Winter of Discontent was followed by a private ‘acknowledgement by the Communist Party that it has in recent years lost much of its industrial influence at the shop-floor level and that it needs to revitalise its organisation of workplace branches’. The leading casualty of the Winter of Discontent was James Callaghan. ‘The belief that he enjoyed a unique relationship with the unions, and was a supremely effective agent of industrial partnership, collapsed.’71 Because the Security Service collected intelligence only on the comparatively minor ‘subversive’ influences, its reports did not cover most of the industrial disruption which led Labour to defeat at the polls and were of only secondary importance to the ministers responsible for dealing with the Winter of Discontent. The Security Service’s 1972 definition of subversive activities as ‘those which threaten the safety or well being of the State and are intended to undermine or overthrow Parliamentary democracy by political, industrial or violent means’ had been accepted both by the Heath government and by its Labour successors during the 1970s.
Ramelson himself has frequently expressed doubts about his political judgement.’66 The CPGB leadership was reported to be worried that the ‘wages struggle’ against the 5 per cent ceiling on pay rises was insufficiently political (in other words, not adequately focused on attacking the Callaghan government) and that, while the Party maintained ‘continued strength of influence at senior levels among trade union officials’, it was losing ground to the Trotskyists on the shop floor.67 It was also dismayed at the end of 1978 by the extent of Trotskyist influence on the national executive committee of the Civil and Public Service Association (CPSA).68 As the industrial disruption of the Winter of Discontent proceeded, the CPGB mood brightened. A Box 500 report on 29 January described the Party as ‘increasingly enthusiastic about the effects of the public services dispute which it believes could be a significant factor in bringing about opportunities for its political advance’.69 Box 500 reports made clear, however, that the Winter of Discontent was not the result of either a Communist or a Trotskyist masterplan: Trotskyist groups are finding difficulty in keeping pace with events and in some places are being told by Party officials to concentrate their attention entirely on selling their newspapers.
The budget crises of the Callaghan years and the cuts in government spending necessary to secure an IMF loan made it difficult to argue for extra funds in a field which aroused so little enthusiasm in Whitehall. The fact that not a single EKP was successfully attacked probably owed less to improved protective security than to PIRA’s failure to identify their continued vulnerability. 6 The Callaghan Government and Subversion Though the Callaghan government ended in, and is nowadays chiefly remembered for, the strikes of its final ‘Winter of Discontent’, it began with a period of unprecedented industrial peace. Its first year saw the lowest number of industrial disputes so far recorded in the twentieth century. Callaghan was (and still remains) the only trade union official to become post-war Labour leader. As prime minister, ‘He was no intellectual, he appeared avuncular to the point of maddening complacency, and behind the scenes he was a fixer and a bit of a bully; to the average trade union official he was almost as good as one of their own.’1 In the summer of 1976 the TUC was persuaded – reluctantly – to extend what had been a virtual wage-freeze policy by agreeing to a limit of 5 per cent for wage increases over the next twelve months.
The Liberal Moment by Nick Clegg, Demos (organization : London, England)
They found they couldn’t win back the territory they had lost to Labour, even in an election where the old cause of Free Trade was at stake. In a very real sense, Liberals vacated much of their own heritage; the Labour Party was very happy to claim it.13 29 3 The second switch Since the 1920s flip, there have been a few, rare, opportunities for real change in British politics: moments in which the establishment has been extremely vulnerable. From the instability prompted by the Second World War to the turmoil of the Winter of Discontent, events have put pressure on governments that seemed able to break them completely. And in more recent times, changes within politics itself have, occasionally, seemed likely to break open the duopoly of British politics. The first time this happened was in the early 80s, when the Alliance of the SDP and Liberal parties came tantalisingly close to breaking the mould of British politics, winning support in local government across the country and polling almost as many votes as Labour in the General Election.
The Fourth Revolution: The Global Race to Reinvent the State by John Micklethwait, Adrian Wooldridge
Admiral Zheng, affirmative action, Affordable Care Act / Obamacare, Asian financial crisis, assortative mating, banking crisis, barriers to entry, battle of ideas, Berlin Wall, Bernie Madoff, Boris Johnson, Bretton Woods, British Empire, cashless society, central bank independence, Chelsea Manning, circulation of elites, Clayton Christensen, Corn Laws, corporate governance, credit crunch, crony capitalism, Deng Xiaoping, Detroit bankruptcy, disintermediation, Edward Snowden, Etonian, failed state, Francis Fukuyama: the end of history, full employment, Gunnar Myrdal, income inequality, Khan Academy, Kickstarter, knowledge economy, Kodak vs Instagram, labor-force participation, laissez-faire capitalism, land reform, liberal capitalism, Martin Wolf, means of production, minimum wage unemployment, mittelstand, mobile money, Mont Pelerin Society, Nelson Mandela, night-watchman state, Norman Macrae, obamacare, oil shale / tar sands, old age dependency ratio, open economy, Parag Khanna, Peace of Westphalia, pension reform, pensions crisis, personalized medicine, Peter Thiel, plutocrats, Plutocrats, popular capitalism, profit maximization, rent control, rent-seeking, ride hailing / ride sharing, road to serfdom, Ronald Coase, Ronald Reagan, school choice, school vouchers, Silicon Valley, Skype, special economic zone, too big to fail, total factor productivity, War on Poverty, Washington Consensus, Winter of Discontent, working-age population, zero-sum game
She listened attentively to Sir Keith Joseph, who played the role of the Right’s “licensed thinker scouting ahead” and introduced her to a stream of radical thinkers, including Hayek and Friedman.26 Most of this radicalism was hidden from the British electorate that voted her into office in 1979, largely in frustration with the Labour government’s ineptitude, especially its inability to control the trade unions during the “winter of discontent” of 1978–79, when strikers almost closed down the country, paralyzing the transport system, picketing hospitals and leaving the dead unburied. But once in power Thatcher revealed her true colors. She curbed government spending, controlled the money supply and abolished exchange controls, all decisive breaks with postwar orthodoxies. She sold off council houses, creating the basis for working-class Thatcherism.
., 162 welfare state and, 77–78 Emanuel, Rahm, 216 emerging world: agriculture in, 238 as failing to grasp technological change, 18 innovation in, 17 lack of public confidence in, 13 local government in, 217 need for reform in, 14 urban population shift in, 218 “End of History, The” (Fukuyama), 262 Energetically Autonomous Tactical Robot (EATR), 182 Enlightenment, 42 entitlement reform, 95, 217, 234, 241–46 beneficiaries’ responsibilities and, 245 conditionality in, 17, 206, 244 disability insurance and, 244 globalization and, 245 information revolution and, 245 in Latin America, 17, 206, 244 means testing and, 243, 245 transparency and, 244–45 entitlements, 9, 10, 15, 16, 79, 100, 127, 141, 222, 228 aging population and, 124, 183–84, 232, 241–42 middle class and, 11, 17 pensions as, 79, 184, 243 as unfunded liabilities, 245–46, 264, 265 universal benefits in, 124, 141, 243–44 equality: capitalism and, 262–63 liberal state and, 69 of opportunity vs. result, 79, 228 sexual, 169 welfare state and, 68–69, 74, 79, 222 Western state and, 221 Equality (Tawney), 69 Erdogan, Recep Tayyip, 13, 254 Estonia, 121, 210 Euclid, 31, 33 eugenics, 67–68, 78, 169 euro, 99, 100, 258 euro crisis, 12, 100, 126, 130, 258–59 Europe: age of conquest in, 36–37, 39 compulsory sterilization in, 78 contest for secular supremacy in, 38–39 democracy’s failures in, 258–59 dysfunctional political systems in, 126 economic crisis in, 126 Enlightenment in, 42 government bloat in, 98–99 mercantilist policies in, 40 national consolidation in, 38–39 old-age dependency ratio in, 14–15 postwar era in, 78 public spending in, 99–100 revolutions of 1848 in, 54 technocratic bent in, 76–77, 259 transnational cooperation in, 76 wars of religion in, 34, 38 welfare state in, 75 European Atomic Energy Community, 76 European Central Bank, 258–59 European Coal and Steel Community, 76 European Commission, 254 European Economic Community, 76 European parliament, 258 European Union, 13, 16, 17, 76, 99, 108, 109, 258–59, 260 Extraordinary Black Book, The (Wade), 49 Exxon, 154 Fabians, 8, 21, 67, 72, 73, 96, 134, 169, 220 Facebook, 190–91 Falklands War, 94 Farrell, Diana, 132 fascism, 8, 71, 77, 252 Fatal Conceit: Errors of Socialism, The (Hayek), 134 Federal Communications Commission, 73 Federalist Papers, 5, 265 Federal Register, 117 Ferdinand II, King of Aragon, 37 filibusters, 256 financial crisis of 2007–8, 100, 164, 263 financial-services industry, 239 Finer, Samuel, 27, 276 Finland, 210 innovation in, 220 1990s financial crisis in, 176 fiscal crisis, as incentive for change, 198 Fisher, Antony, 81–82, 90, 92, 280 “flexicurity,” 173, 176 Ford, Henry, 189, 191, 201 fossil fuels, government subsidies for, 239 Foster, William, 58 Founding Fathers, 108 democracy and, 226, 250, 265 liberal state and, 44–45, 222 Fourteenth Amendment, 120 Fourth Revolution, 5 Asian-state competition as impetus for, 17, 163–64, 247 decentralization and, 216–19 democratic reform and, 249–70 diversity and, 214–16 entitlement reform and, see entitlement reform failure of current model as impetus for, 14–17 freedom and, 247, 248, 268, 270 government efficiency in, 233 ideological foundation of, 21, 28, 221–23, 232 information revolution and, 245, 246–47 infrastructure and, 232 innovation and, 219–20 monetary and fiscal reform in, 266–67 pluralism in, 211–14 as postbureaucratic, 211 pragmatism and, 18–19, 232–33 privatization and, 234–37 security and, 232 small government as principle of, 232, 264–69 subsidy-cutting and, 237–41 technology and, 18, 19–20, 233, 266–67 France, 43, 78 deficit spending in, 14 expanded bureaucracy in, 60 government bloat in, 12 pension age in, 16 public spending in, 75, 99–100 ruling elite of, 194 state capitalism in, 235 Francis I, King of France, 37 Fraser Institute, 174 fraternity, welfare state and, 74, 79 Frederick the Great, King of Prussia, 38 freedom: balance between security and, 230–31 as central tenet of Western state, 8, 23, 46, 68–69, 222, 256 core elements of, 223–24 democracy as threat to, 226, 250–51 diminished concept of, 225–27, 228–29 Fourth Revolution and, 247, 248, 268, 270 Hobbes and, 33 as ideological basis of liberal state, 69, 223–26 Mill and, 47–48, 55, 222, 224, 228, 250, 256, 268 necessary constraints on, 223 welfare state as threat to, 22, 74, 222, 265 see also rights Freedom House, 143, 252 free markets, 49, 59, 142 Friedman as evangelist for, 84, 86 Thatcher and, 93 free trade, 50, 54, 57 Mill’s espousal of, 55 French Revolution, 6, 44, 45–46, 249 Friedman, Milton, 81–87, 89, 93, 106, 128, 171, 280 background of, 82 big government as target of, 82, 84–85, 88 as free-market evangelist, 84, 86 Nobel Prize of, 82, 86, 91 Reagan and, 86 “Road to Hell” lecture of, 84 single currency opposed by, 99 Thatcher-Reagan revolution and, 8, 28, 97, 100 Friedman, Thomas, 163 Friedrich, Carl, 265 Fukuyama, Francis, 142, 143, 256, 262 Future of Freedom, The (Zakaria), 143 G20 countries, 15 Galbraith, John Kenneth, 85, 86 Galtieri, Leopoldo, 94 Galton, Francis, 68 Gardels, Nathan, 124 Gaskell, Elizabeth, 57 Gates, Bill, 97 Gazprom, 152, 153, 154 Geely, 150 General Electric (GE), 205, 243 General Motors (GM), 189, 190, 191, 233 General Theory of Employment, Interest and Money, The (Keynes), 70 Geometry (Euclid), 31 George III, King of England, 11, 41 Germany, Federal Republic of (West Germany), 75, 78, 232, 265 Germany, Imperial, 6, 60–61 Germany, Nazi, 71, 232 Germany, unified, 12, 22, 173, 186, 212 gerrymandering, 13, 106, 113, 125, 256–57, 264, 267 see also rotten boroughs Gillray, James, 227 Gladstone, William, 7 economizing by, 51–52, 224 small government as principle of, 51–52, 60 tax policy of, 51 globalization, 10, 191, 193 democracy and, 262 entitlement reform and, 245 government and, 10, 96, 200–207 health care and, 200–201 national determination and, 259–60, 262 Glorious Revolution (1688), 43 GOATs (Government of All the Talents), 215 Godolphin, Sidney, 31 Golden Dawn party, 259 Goldman Sachs, 120 Goldwater, Barry, 80, 86 Google, 189–90, 191, 233 Gore, Al, 95, 131, 198 government: anti-innovation bias of, 194–95, 212, 219 bloat in, 9–11, 18–19, 89–90, 98, 177, 222–23, 227, 229–30, 231, 233 centralization bias of, 192–93, 212, 216 challenges to reform in, 196–98 coercive power of, 198 efficiency of, 18–21, 37, 89, 187, 198–99, 213, 233, 247, 255 entrenched workforce of, 193–94 globalization and, 200–207 in-house bias of, 192, 212 local, 216–19, 267 public contempt for, 106, 112, 227–28, 230, 233, 251, 261 sunset clauses and, 118, 246, 266 technology and, 200, 207–11 uniformity bias of, 193–94, 212, 214 volunteerism and, 216 Government Accountability Office, 235 Grace Commission, 198 Gray, Vincent, 210 Great Britain: asylum seekers in, 54 as capitalist state, 50–54 commercial empire of, 39–40 deficit of, 177 education reform in, 58–59, 79, 212, 214–15 falling crime rate in, 181 fiscal reform in, 130–31 government bloat in, 89–90 health-care spending in, 90 landed artistocracy of, 48, 49 liberal revolution in, 46 low public confidence in, 11 national pride in, 61–62 patronage vs. meritocracy in, 50, 52–53, 222 postwar era in, 78 power of Anglican Church in, 48 public spending in, 9, 75 wars of, 6 “winter of discontent” in, 93 Great Depression, 69–70, 85 Great Exhibition of 1851, 54 Great Society, 77, 192 Great Western Railway, 65 Greece, 16 economy of, 120, 259 public-sector employees in, 115 public spending in, 99 Green, T.H., 61 Green River Formation, 236 Grenville family, 49–50 Grillo, Beppe, 12, 227 gross domestic product (GDP), unreliability of, 121 Grote, George, 54 Guangdong, China, 217 Gunpowder Plot (1605), 31 Hagel, Chuck, 256 Hall, Joseph, 35 Halsey, A.H., 88 Hamilton, Alexander, 5, 150 Hamilton, James, 120 happiness, right to, 48, 49 Hard Times (Dickens), 58 Havel, Václav, 252 Hayek, Friedrich, 10, 83, 85–86, 92, 93, 134, 170 Health and Social Security Department, British, 89 health care, 7, 9, 90, 98, 213 aging population and, 15, 183, 242 in China, 164 cost of, 110, 121, 205, 242–43 cost/outcome disparities in, 195 globalization and, 200–201 government domination of, 10 in India, 17, 18, 200–206 labor productivity in, 200 mass production in, 201–3 Obamacare and, 20, 98, 117, 199, 208, 217 role of doctors in, 203–5, 243 single-payer systems in, 205, 233, 243 special interest groups and, 200 in Sweden, 171–73 technology and, 183, 208–9 healthcare.gov, 199 health insurance, 141 health registries, 172, 183, 209 Heath, Edward, 92–93 Hegel, G.W.F., 45, 60–61 71 Helsinki, 220 Heritage Foundation, 92 Hewlett, Bill, 105 Higgins, David, 215 Hilton, Steve, 132 History of the Peloponnesian War (Thucydides), 250 Hitler, Adolf, 71 Hobbes, Thomas, 6, 8, 9, 21, 27–28, 29, 40, 44, 63, 135–36, 181, 219, 268 background of, 30–31 as controversial thinker, 31–32 on human nature, 29–30, 44–45 individual liberty and, 33 as materialist, 33 as royalist, 6, 18, 31–32 social contract and, 32, 34, 42, 222 Hogarth, William, 227 Hollande, François, 12, 16, 153, 184, 194 Holocaust, 78 Homestead Act (U.S., 1862), 62 House of Cards (TV show), 227 House of Commons, 127 House of Representatives, U.S., 97, 127 Howard, Philip, 118, 132, 195 Hu Jintao, 2 Huldai, Ron, 216 Hume, David, 43 Hungary, 254 Huntington, Samuel, 41–42 Hurun Report, 161 Iceland, 261 India, 8, 35, 36 China contrasted with, 146, 153 democracy in, 136, 146 economic stagnation in, 147 education in, 147 health care in, 17, 18, 200–206 infant mortality rate in, 201 lack of public confidence in, 13 local government in, 217–18 nepotism in, 162–63 Thatcherite reform in, 96 as weak state, 37 Indonesia, 142–43 health insurance in, 141 industry, landed aristocracy as opponent of, 48 Industry and Trade (Marshall), 233 information, access to, 210–11, 214 information revolution, 245, 246–47 information technology (IT), 18, 19–20 infrastructure: Fourth Revolution and, 232 spending on, 122, 232 innovation, 219–20 in business sector, 194 government bias against, 194–95, 212, 219 nation-state and, 37, 39 Institute for Energy Research, 236 Institute of Economic Affairs, 82, 92 Institute of Medicine, 204 Institute of Racial Biology, 78 interest groups, 16–17, 90, 111–15 Interior Department, U.S., 236 International Monetary Fund (IMF), 15, 76, 90 Asian financial crisis and, 142–43 Internet, 191, 260 health care and, 208–9 self-help and, 209 Iran, China and, 152 Iraq, 253 Iraq War, 143, 253 Ireland, 38 public spending in, 99–100 Isabella I, Queen of Castile, 37 Islamic world: antiscientific attitudes in, 41 in sixteenth and seventeenth centuries, 35 Istanbul, 35 Italy, 196, 259 pension reform in, 130 politicians’ pay and benefits in, 115 public spending in, 99–100 voter apathy in, 12 It’s Even Worse Than It Looks (Mann and Ornstein), 125–26, 227 Jackson, Andrew, 55 Jacques, Martin, 163 Jagger, Mick, 90 James I, King of England, 31 James II, King of England, 43 Japan, 15, 17, 36 Jarvis, Howard, 91 Jay, Douglas, 77 Jiang Jiemin, 154 Jiang Zemin, 142 Johnson, Boris, 216–17 Johnson, Lyndon, 77, 80, 87 Joseph, Keith, 92, 93 Juncker, Jean-Claude, 128 Kamarck, Elaine, 131–32 Kangxi, Emperor of China, 40 Kansas, 130 Kant, Immanuel, 224 Kaplan, Robert, 144 Kapoor, Anish, 34 Kennedy, Joseph, 73 Kentucky Fried Chicken, 185 Kerry, John, 96 Keynes, John Maynard, 22, 69–70, 76, 97 pragmatism of, 70–71 Keynesianism, 71, 77, 83, 95 counterrevolution against, 82–84 Khan, Salman, 180 Khan Academy, 180 King, Martin Luther, Jr., 79 Kingsley, Charles, 58 Kirk, Russell, 85 Kissinger, Henry, 133, 136 Kleiner, Morris, 118 Knight, Frank, 84 Knowledge Is Power Program (KIPP), 215 Kocher, Robert, 200 Kotlikoff, Laurence J., 120 Kristol, Irving, 87 Kroc, Ray, 185 Labour Party, British, 68, 69, 70, 77, 93, 94–95, 114 laissez-faire economics, 56, 57, 61, 65–66, 70, 71 Laski, Harold, 68, 134 Latin America: economies of, 8 entitlement reform in, 17, 206, 244 Lazzarini, Sergio, 153 Lee Hsien Loong, 135, 138 Lee Kuan Yew, 4, 17, 53, 133–34, 137, 139–41, 143, 144, 145, 147, 156, 170, 183, 244 authoritarianism of, 137, 138 small-government ideology of, 140, 165 Left, 62, 73, 88, 183 government bloat and, 10–11, 98 government efficiency and, 20, 187, 213 and growth of big government, 10, 98, 131, 175, 185, 228, 230, 231 subsidy-cutting and, 234, 237–38 Lehman Brothers, 14 Lenovo, 150 Le Pen, Marine, 259 Le Roy, Louis, 276 Leviathan, 10 Leviathan (Hobbes), 29, 32, 33, 34, 42 Leviathan, Monumenta 2011 (Kapoor), 34 Liberal Party, British, 68, 70 liberals, liberalism: and debate over size of government, 48, 49, 232 freedom as core tenet of, 69, 223–26, 232 right to happiness as tenet of, 48, 49 role of state as seen by, 21–22, 222–23, 226, 232 see also Left; liberal state liberal state, 6–7, 8, 220, 221 capitalism and, 50–54 competition and, 247 education in, 7, 48, 58–59 equality and, 69 expanded role of government in, 56–62 Founding Fathers and, 44–45, 222 freedom as ideological basis of, 69, 223–26, 232, 268 industrial revolution and, 246–47 meritocracy as principle of, 50, 52–53 protection of rights as primary role of, 45 rights of citizens expanded by, 7, 9, 48, 49, 51 rise of, 27–28, 269 small government as principle of, 48, 49, 51–52, 61, 232 libertarian Right, 82 liberty, see freedom Libya, 253 LifeSpring Hospitals, 202–3 Lincoln, Abraham, 62, 92 Lindahl, Mikael, 176 Lindgren, Astrid, 170 Lisbon, Treaty of (2007), 258 Little Dorrit (Dickens), 50 Liu Xiaobo, 166 Livingston, Ken, 217 Lloyd George, David, 62 lobbies, Congress and, 238–40, 257 Locke, John, 42, 43, 45 social contract and, 42, 222 Logic of Collective Action, The (Olson), 111 London School of Economics, 67, 74 Louis XIV, King of France, 38 Lowe, Robert, 58–59 L.
Time Travelers Never Die by Jack McDevitt
Albert Einstein, index card, indoor plumbing, Johannes Kepler, life extension, orbital mechanics / astrodynamics, Ralph Waldo Emerson, rolodex, Rosa Parks, Thales of Miletus, walking around money, white picket fence, Winter of Discontent
And a battle had erupted over battery-powered garments that permitted telephone sex. He shut off the TV and picked up one of the books he’d brought along. It was Michael Corbett’s Winter of Discontent, which had urged the introduction of lie detectors to presidential debates and IQ tests for candidates. There was no attempt to set a minimum standard, but Corbett’s plan would require that results be placed on the record. Candidates, of course, could decline, but only at their peril. However, no one really knew what the effect might be. Recent studies had shown that a majority of voters would be put off by a candidate with a high IQ. Winter of Discontent was essentially a manual on how to make government more responsive. And more rational. He liked some of the suggestions, but they all required an electorate that paid attention.
The Man Who Was Saturday by Patrick Bishop
Prologue ‘Some Devils Got Him’ On Friday, 30 March 1979, change was in the air. For much of the month the weather had been cold and wet, but lately it had warmed up and in London the trees were in bud. The change of season matched a great political climacteric. Two days before, the Labour administration of James Callaghan had finally stumbled to an end after months of public-service strikes, already notorious as the ‘Winter of Discontent’. In five weeks, a general election would in all probability elect a Conservative government with, for the first time in British history, a woman at its head. When Airey Neave woke up that morning he had every reason to savour the atmosphere of promise and renewal. As the man who had engineered Margaret Thatcher’s accession to the Conservative leadership, he had played a crucial part in great events.
Peter, 70 Tebbit, Norman, 72–3, 223 Territorial Army, 26–8, 104–5, 152, 157, 158, 179–80 Terwindt, Beatrix, 122, 188 Thameside primary school, Abingdon, 187 Thatcher, Denis, 7, 186–7, 188, 210 Thatcher, Margaret: at Somerville, 25; early political career, 186; AN’s admiration for, 115, 186–8, 190, 210, 225, 263–4; radical right-wing doctrines of, 160, 188, 264; on AN’s political views, 174; robust advice to AN on criticism, 182; character of, 186, 188, 225, 264; as Secretary of State for Education and Science, 186–8, 191; as visitor at Old Vicarage, 186–8, 190, 210; and social class, 190, 192, 263–4; AN sees as possible leader, 191–2, 200, 209–10, 211; opposes deal with Liberals (February 1974), 196; and leadership issue (1974–5), 203, 210, 211–14, 215–17; decides on leadership campaign (November 1974), 211–12; Pre-Retirement Choice interview, 213; AN runs leadership campaign, 1, 168, 176, 217–25; becomes Tory leader (11 February 1975), 225; appoints Shadow Cabinet, 226; AN heads private office, 227; and Northern Ireland, 234, 236, 243, 264; and fall of Callaghan government, 244; and death of AN, 4, 89, 259, 260; at AN’s funeral, 7; remembers AN on steps of Downing Street (4 May 1979), 260 Thompson, Sir Edward, 173 Thornborough, Company Sergeant Major, 63 Thorpe, Jeremy, 196 Tilney, Hugh, 109 Tone, Wolfe, 239–40 trade unions, 176–7, 178–9, 180–1, 192–4, 195, 200, 244 Tree, David (David Parsons), 21–2 Trollope, Angela, 108 Trollope, Sylvia, 108 Ugandan Asians, 172–3 United Nations High Commissioner for Refugees, 173 Ursel, Count Antoine d’, 115 Usandizaga, Françoise, 117 Vichy regime, 91, 93–4 Volchkov, Alexander Fedorovich, 143 Walker, General Sir Walter, 177 Wardle, Howard ‘Hank’, 57, 77–8, 81 Watkinson, Harold, 161 Weatherill, Bernard, 199, 203, 205, 211 Webb, Richard (husband of Marigold), 164, 166–7, 199, 200 West, Rebecca, 144 West German Ireland Solidarity Committee, 242 Westminster Gardens, Marsham Street, 2, 199–200, 225, 248, 251, 254 Wharton, Ken, 258–9 Whitelaw, William: as leadership contender, 191, 194, 197, 200, 202–3, 209, 210, 216, 218, 225; as Northern Ireland Secretary, 191, 227, 230; Thatcher as nervous of, 263–4 Wigg, George, 157–8 Willey, Harold B., 140 Wilson, Harold, 195, 196, 200, 201, 235 Windham-Wright, Pat, 123 ‘Winter of Discontent’, 1 Wittek, Suzanne, 114 Woollatt, Hugh, 91, 93, 94–5, 96, 99, 100–1, 103–4, 105 Wordsworth, William, ‘She was a Phantom of delight’, 187–8 World in Action (TV programme), 222 Wynne, Greville, 175–6 Younger, George, 226 Yule, Jimmy, 77 Also by Patrick Bishop NON-FICTION THE WINTER WAR (with John Witherow) THE PROVISIONAL IRA (with Eamon Mallie) THE IRISH EMPIRE FAMOUS VICTORY FIGHTER BOYS: SAVING BRITAIN 1940 BOMBER BOYS: FIGHTING BACK 1940–1945 3 PARA BATTLE OF BRITAIN GROUND TRUTH – 3 PARA: RETURN TO AFGHANISTAN TARGET TIRPITZ WINGS THE RECKONING AIR FORCE BLUE NOVELS A GOOD WAR FOLLOW ME HOME About the Author Patrick Bishop is one of Britain’s leading military historians, the author of many critically acclaimed and bestselling books, including Fighter Boys, Bomber Boys, 3 Para and Air Force Blue.
Broke: How to Survive the Middle Class Crisis by David Boyle
anti-communist, banking crisis, Berlin Wall, Big bang: deregulation of the City of London, Bonfire of the Vanities, bonus culture, call centre, collateralized debt obligation, corporate raider, Credit Default Swap, credit default swaps / collateralized debt obligations, deindustrialization, delayed gratification, Desert Island Discs, Eugene Fama: efficient market hypothesis, eurozone crisis, Fall of the Berlin Wall, financial deregulation, financial independence, financial innovation, financial intermediation, Francis Fukuyama: the end of history, Frederick Winslow Taylor, housing crisis, income inequality, Jane Jacobs, job satisfaction, Kickstarter, knowledge economy, knowledge worker, market fundamentalism, Martin Wolf, mega-rich, mortgage debt, Neil Kinnock, Nelson Mandela, new economy, Nick Leeson, North Sea oil, Northern Rock, Occupy movement, off grid, offshore financial centre, pension reform, pensions crisis, Plutonomy: Buying Luxury, Explaining Global Imbalances, Ponzi scheme, positional goods, precariat, quantitative easing, school choice, Slavoj Žižek, social intelligence, too big to fail, trickle-down economics, Vanguard fund, Walter Mischel, wealth creators, Winter of Discontent, working poor
In Howe’s sitting room week by week were the economic journalist Nigel Lawson, a future Chancellor himself, and Sir Keith Joseph, the former health minister who had performed a kind of mea culpa for his role in the sins of the last Conservative government under Edward Heath, and was now an agonized intellectual figurehead for the new dispensation. There were also a number of other young advisers and thinkers, prominent among whom was the future banker Adam Ridley. It was a heady and exciting time as they met, through the events known to modern history as the ‘Winter of Discontent’, when the trade unions rebelled against their government’s incomes policy and rubbish piled up in the streets. Inflation was running at 10 per cent and rising. But Howe’s group were not just fairly certain they would win, they had the confidence of a big idea behind them — that inflation could be squeezed out of the system by reducing the amount of money in the economy. Their other idea was in some ways the very opposite.
., 37 property, investing in, 57, 168–71 public sector salaries, 268–9, 291 Public Service Agreement (PSA) targets, 264 public services, centralization of, 263–7 pubs, closure of, 252 Q ‘quangocracy’, 291 quant funds, 129 Quattrone, Frank, 114–15 Quilter Goodison, 134, 147 R Radley College, 59 railways, coming of, 35, 282 Raphael, Adam, 33 Rawnsley, Andrew, 225 Ray, Paul, 49 Raynsford, Nick, 265 Read, Peter, 217–19 remortgaging, 9–10 rents, 21, 68–9, 306 restrictive covenants, 302 retirement age, 180, 203, 302 Reynolds, Christina, 10–11 RIBA, 77–8 Richardson, Gordon, 62, 72 Richmond, 287 Riddell, Fred, 225 Ridley, Adam, 58–60, 63 Ritalin, 229 Roddick, Anita, 301 Rogers, Richard, 78 Roman Catholics, 39 Romania, 3, 68 Rothschild, Jacob, 146 Rowe & Pitman, 138, 146 Royal Bank of Scotland (RBS), 119, 122, 193 Royal Mail, 194 Royal Navy, 143, 264 Rutlish School, 213–14 S Sainsbury’s, 244, 246, 250 St Francis of Assisi, 59 St Paul’s Cathedral, 289 ‘salariat’, 17 Salomon Brothers, 149, 153 Samuel Montagu, 135, 146 Santander, 118, 122 Saratoga, New York, 253–4 Savage, Mike, 40, 44, 53 Scarborough, 265 Schiff, Andrew, 20 school catchment areas, 212–13 and house prices, 20, 210–11, 221 school fees, 19–20, 204, 212, 239 School for Social Entrepreneurs, 296 school meals, 294–5 school playing fields, 238 schools choice of, 230–4, 288 church schools, 211, 214, 216, 239–40 free schools, 216, 240–1 grammar schools, 36–7, 216–17, 219 grant-maintained schools, 221 investment in, 211–12 and league tables, 224–9, 231–3 237–8, 285, 302 Literacy Hour in, 265 nursery schools, 268–9 rural, 252 secondary moderns, 229, 237 size of, 234–8, 303, 328 special school units, 218 ‘super-selective’, 216 see also education Schwed, Fred, 186 SEAC (Stock Exchange Automated Quotations), 147 Seldon, Anthony, 232 self-employment, 5, 45, 184, 249, 292 self-help, 49 Shaw, George Bernard, 290 Shearlock, Peter, 150 Sheffield, 162 Shepherd, Gillian, 228 Shrewsbury, 252 Sibary, Shona, 9–11, 16 Sieff, Marcus, 243 silver, 278–9 Simmonds, Jane, 271 Sizer, Ted, 237 Skegness, 221 Skidelsky, Lord, 227 skiing, 169 Skinners’ School, 217 Smith, John, 225, 263 social care, 21, 85, 201, 296 software ERP and CRM, 256, 261 report-writing, 231 Somerset Food Links, 296 Sorbonne, 157 Soros, George, 131, 157 South London, 43 Southwark, 225 Spain, 56, 97, 294 Golden Age, 277–81 ‘squeezed middle’ (the term), 22 stamp duty, 149 Standard & Poor’s index, 198 Standard Life, 172 Standing, Guy, 17 Stewart, James, 255 Stiperstones Primary School, 252 Stock Market Crash (1987), 61 stockbrokers, 134, 136–40, 145–8, 150, 162, 247 Stockton, Earl of (Harold Macmillan), 288 Stockwell, Christopher, 27–34, 50 Stott, Martin, 44 student loans, 19, 300 subprime mortgage crisis, 140, 155 suicides, 32 Sunday Telegraph, 36, 60 Sunday Times, 33, 150 Surbiton, 73–4 Sure Start centres, 76 sustainable living, 78–9 Sutton Coldfield, 180 Swiss Cottage, 287 Switzerland, 97, 116, 180, 183 T Tasker, Mary, 234–5, 237 Tatler, 284 tax avoidance, 300 tax credits, 5, 164, 270–1 Taylor, Frederick Winslow, 248, 253–7, 261–3 Tea Party, 273 teaching unions, 224, 227–8 Tebbit, Norman, 149, 181 Tennant, Julian, 34 Tesco, 47, 243, 246, 250–1, 300 Thames Water, 202 Thatcher, Margaret, 1, 3, 36, 67, 70, 99, 109, 176–7, 221–2, 290 and City deregulation, 137–8 and financial reforms, 57–9, 63–4, 72–3 and pension reforms, 180, 183, 190 theatres, 126 Thornton, Clive, 71 ‘Tiger Parents’, 215 time banks, 299 Time Warner, 133 Times, The, 65, 67, 135, 147, 177, 226 Times Educational Supplement, 237, 269 Tokyo, 75, 78, 149 Tough, Paul, 234 Toulouse University, 127, 141 Tower Hamlets, 61 trade unions, 160, 255 transport costs, 18 Travelex, 126 trickle-down economics, 124, 157, 161, 286, 289–91 Trollope, Joanna, 79, 245 Truro, 18, 102 Tufnell Park, 80–1 Tunbridge Wells, 216–17 Turner, Adair, 152, 202 tutoring, 219 Tyco, 117 U UKIP, 273 unemployment, 271–2 Unilever, 194 United States of America and auditing culture, 261 banking, 92, 95–7 education, 215–16, 236, 238 housing developments, 85 inequalities of wealth, 23–4 influence of financial sector, 152 job creation, 249 middle classes, 22–3, 272, 282, 286 New Deal, 153 small-town life, 122–3 subprime lending, 75 universities, 212, 215, 242, 248–9 university fees, 18–19, 270 UnLtd, 296 utility bills, rising, 10–11 see also fuel bills V Valladolid, 277, 280–1 Van Reenen, John, 248 Vickers da Costa, 146 Vinson, Nigel, 179 voluntary organizations, 253, 260 W Waitrose, 242–4, 302, 306 Wakeham, John, 181 Walker, David, 137 Wall Street, deregulation of, 135 Wall Street Crash, 186 Warburg’s, 146 Wass, Sir Douglas, 62 Watt, James, 152 Wellington College, 232, 239 Wells, H. G., 255 Wessex Reinvestment Trust, 296 Westinghouse, 255 Whitelaw, William, 138–9, 183 Willetts, David, 21–2, 195 Williams, Frances, 181 Williams, Leonard, 71 Williams, Raymond, 36 Williams & Glyn’s Bank, 122 Wilson, Ben, 283 Wilson, Harold, 67 Wilton Park, 180 Wiltshire, 18 Winter of Discontent, 58 Winterflood, Brian, 143, 145–6, 148, 150 Woking, 214 Wolf, Martin, 70 Wolfe, Tom, 149 Wolfson College, Oxford, 189 Wolverhampton, 40, 225 Woodhead, Chris, 226–8 Woolley, Paul, 127–9, 131–3, 140–1, 144, 153–4, 156, 159, 247 Woolwich Building Society, 106–8, 110–12, 122 working-class culture, vilification of, 230, 287–8 World Development Movement, 27 WorldCom, 117 Wrigglesworth, John, 113 X Y yachts, 186–7, 197 Yamaichi, 149 Yes, Minister, 177 York University, 140 Young of Dartington, Lord, 67 Z Zingales, Luigi, 157 Acknowledgements I have had a number of huge advantages which helped me write this book.
Ye Olde Britain: Best Historical Experiences by Lonely Planet Publications
Successful songs like ‘Please, Please Me’ ensure the Beatles become household names in Britain, then America – then the world. 1971 Britain adopts the ‘decimal’ currency (one pound equals 100 pence) and drops the ancient system of one pound equals 20 shillings or 240 pennies, the centuries-old bane of school maths lessons. 1970s Much of the decade is characterised by inflation, inept governments (on the left and right), trade-union disputes, strikes, shortages and blackouts, culminating in the 1978–79 ‘Winter of Discontent’. 1972 In Uganda, East Africa, the dictator Idi Amin expels all people of Asian origin. Many have British passports and migrate to Britain, settling predominantly in London and the cities of the Midlands. 1979 A Conservative government led by Margaret Thatcher wins the national election, a major milestone of Britain’s 20th-century history, ushering in a decade of dramatic political and social change. 1982 Britain is victorious in a war against Argentina over the invasion of the Falkland Islands, leading to a rise in patriotic sentiment. 1990 Thatcher ousted as leader, and the Conservative party enters a period of decline but remains in power thanks to inept Labour opposition. 1997 The general election sees Tony Blair lead ‘New’ Labour to victory in the polls, with a record-breaking parliamentary majority, ending nearly 20 years of Tory rule. 1999 The first National Assembly is elected for Wales, with the members sitting in a new building in Cardiff; Rhodri Morgan becomes First Minister. 1999–2004 Scottish Parliament is convened for the first time on 12 May 1999.
The Ultimate Engineer: The Remarkable Life of NASA's Visionary Leader George M. Low by Richard Jurek
additive manufacturing, affirmative action, Charles Lindbergh, cognitive dissonance, en.wikipedia.org, fudge factor, John Conway, low earth orbit, Mars Rover, operation paperclip, orbital mechanics / astrodynamics, Ronald Reagan, Silicon Valley, Silicon Valley ideology, Stewart Brand, undersea cable, uranium enrichment, Whole Earth Catalog, Winter of Discontent, women in the workforce
Hearing on the Nomination of George M. Low to Be Deputy Administrator of the National Aeronautics and Space Administration, 6. 10. Hearing on the Nomination of George M. Low to Be Deputy Administrator of the National Aeronautics and Space Administration, 5. 11. Hearing on the Nomination of George M. Low to Be Deputy Administrator of the National Aeronautics and Space Administration, 5. 12. Heppenheimer, “Winter of Discontent.” 13. Logsdon, After Apollo?, 62–63. 14. Logsdon, After Apollo?, 62–63. 15. George Low, Personal Notes, no. 1, 1 January 1970, p. 2. 16. George Low, Personal Notes, no 1, 1 January 1970, p. 2. 17. George Low, interview by John Logsdon, 7 July 1970, NASA History Office. 18. George Low, Personal Notes, no. 38, 3 January 1971, p. 5. 19. George Low, Personal Notes, no. 17, 4 April 1970, p. 2. 20.
Harford, James. Korolev: How One Man Masterminded the Soviet Drive to Beat America to the Moon. New York: John Wiley and Sons, 1997. Harris, Gordon L. The Kennedy Space Center Story. Merritt Island FL: Public Affairs Office, John F. Kennedy Space Center, NASA, 1974. Harris, Ruth Bates. Harlem Princess: The Story of Harry Delaney’s Daughter. New York: Vantage Press, 1991. Heppenheimer, T. A. “Winter of Discontent.” Chap. 4 in The Space Shuttle Decision. NASA History Series, NASA SP-4221. Washington DC: NASA History Office, 1999. http://space.nss.org/the-space-shuttle-decision-chapter-4/. Jenkins, Dennis R. Space Shuttle: The History of the National Space Transportation System; The First 100 Missions. Stillwater: Voyageur Press, 2002. Kauffman, James L. Selling Outer Space: Kennedy, the Media, and Funding for Project Apollo, 1961–1963.
The Populist Explosion: How the Great Recession Transformed American and European Politics by John B. Judis
affirmative action, Affordable Care Act / Obamacare, Albert Einstein, anti-communist, back-to-the-land, Bernie Sanders, Boris Johnson, Bretton Woods, capital controls, centre right, collapse of Lehman Brothers, deindustrialization, desegregation, Donald Trump, eurozone crisis, financial deregulation, first-past-the-post, fixed income, full employment, ghettoisation, glass ceiling, hiring and firing, illegal immigration, immigration reform, income inequality, invisible hand, laissez-faire capitalism, mass immigration, means of production, neoliberal agenda, obamacare, Occupy movement, open borders, plutocrats, Plutocrats, post-materialism, rolodex, Ronald Reagan, Silicon Valley, War on Poverty, We are the 99%, white flight, Winter of Discontent
With heightened competition within a global free market, deficits could lead to more demand for imports and to a growing trade deficit, which threatened a country’s currency. These pitfalls of the old approach became apparent first in Great Britain and France. The European version of neoliberalism arose out of the experience that these two countries faced. In the winter of 1978–79, attempts by Labour Prime Minister James Callaghan to limit wage increases led to a wave of strikes, creating what was called the “winter of discontent.” Callaghan’s failure to halt Britain’s combination of inflation and unemployment led to his defeat in 1979 by Tory Margaret Thatcher. Thatcher had broken with her own party’s commitment to Keynesianism. She resorted to what came to be called a neoliberal strategy. She focused on increasing the “supply side”—corporate rates of profit—rather than the demand side. By curtailing the money supply, she raised interest rates, which created a deep recession, that in turn reduced the pressure on wages and prices and the demand for imports, forced obsolete firms out of business, and helped bolster profit rates in the firms that survived.
The People: The Rise and Fall of the Working Class, 1910-2010 by Selina Todd
call centre, collective bargaining, conceptual framework, credit crunch, deindustrialization, deskilling, different worldview, Downton Abbey, financial independence, full employment, income inequality, longitudinal study, manufacturing employment, Neil Kinnock, New Urbanism, Red Clydeside, rent control, Right to Buy, rising living standards, sexual politics, strikebreaker, The Spirit Level, unemployed young men, union organizing, upwardly mobile, urban renewal, Winter of Discontent, women in the workforce, young professional
Their victory was not a surprise – opinion polls had been predicting a comfortable majority for the Tories, the press speculating that this was due to voters’ fatigue with austerity. Rearmament was taking a financial toll on the economy, in a country still reliant on importing 60 per cent of its foods at high prices. Writing in the Guardian five weeks before the election, the journalist Alastair Cooke prophesied that a Conservative victory would be brought about by voters’ fears of a ‘winter of discontent’ characterized by fuel shortages, continued rationing and inflation.51 In fact, polls showed that the shortage of housing was the most important reason why some working-class voters had switched to the Conservatives; the Tories promised to build far more houses in a far quicker time than Bevan had managed. Many voters considered rationing and price controls reasonable prices to pay for full employment and welfare, and in the event Winston Churchill was returned to Downing Street with a slim majority of just seventeen seats, which the BBC judged a ‘disappointment’ for his party.52 But the Conservatives’ victory was not the result of widespread popular disillusion with austerity.
Interview with Philip Gilbert, OT 740, Seven Roads Community Oral History Project, OHC. 48. Interview with Alan Watkins by Hilary Young (2007). 49. Interview with Mr N2L, Elizabeth Roberts Archive. 50. Confidential Summary Report on the General Election of 1950, November 1950, General Election Departmental Records, CCO 500/24/1, Conservative Party Archive, Bodleian Library, University of Oxford, p. 41. 51. ‘Tory Victory in a Winter of Discontent’, Manchester Guardian (22 September 1951), p. 6. 52. http://news.bbc.co.uk/onthisday/hi/dates/stories/october/26/newsid_ 3687000/3687425.stm. 53. K.O. Morgan, The People’s Peace (Oxford, 1990), p. 81. 54. MOA: FR 3073 ‘Middle Class – Why?’ (December 1948), p. 27. 55. MOA: FR 2461B ‘Who are the Fuel Wasters?’ (February 1947), p. 3. 56. Field, Blood, Sweat and Toil, p. 378. See also ibid., pp. 23–4. 57.
How to Be a Liberal by Ian Dunt
4chan, Alfred Russel Wallace, bank run, battle of ideas, Big bang: deregulation of the City of London, Boris Johnson, bounce rate, British Empire, Brixton riot, Carmen Reinhart, centre right, David Ricardo: comparative advantage, Dominic Cummings, Donald Trump, eurozone crisis, experimental subject, feminist movement, Francis Fukuyama: the end of history, full employment, Growth in a Time of Debt, illegal immigration, invisible hand, John Bercow, Kenneth Rogoff, liberal world order, Mark Zuckerberg, mass immigration, means of production, Mohammed Bouazizi, Northern Rock, old-boy network, Paul Samuelson, Peter Thiel, price mechanism, profit motive, quantitative easing, recommendation engine, road to serfdom, Ronald Reagan, Saturday Night Live, Scientific racism, Silicon Valley, The Wealth of Nations by Adam Smith, too big to fail, upwardly mobile, Winter of Discontent, working poor, zero-sum game
She would sunder, once and for all, the Conservative party’s acceptance of the post-war economic settlement. Once she secured the leadership in 1975, she marched into a party policy meeting, took out a copy of Hayek’s book Constitution of Liberty, slammed it on the table, and said: ‘This is what we believe.’ From opposition she watched and waited as inflation and a seemingly endless series of strikes decimated the Labour government in the second half of the 1970s. In the Winter of Discontent in 1978/79 the country all-but came to a standstill during industrial action. Thatcher initiated a no-confidence vote in the Labour government, won the ensuing election and was elected prime minister. The victory came just ahead of Hayek’s birthday. ‘Thank you for the best present to my 80th birthday that anyone could have given me,’ he wrote to her. She replied with typical missionary zeal.
See Soviet Union Utilitarianism Benthamite Utilitarianism 1 boat thought experiment 1, 2, 3 and James Mill 1, 2 and JS Mill 1, 2, 3, 4, 5, 6 and Taylor 1 Valley, Norbert 1 vanguardism 1 Vanini, Lucilio 1 variable rewards 1 Venizelos, Evangelos 1 vertical deportation 1 Veuillot, Louis 1 Vietnam war 1 violence, incitement to 1 virtue 1, 2, 3 Visegrád Group 1, 2 Voetius, Gisbertus 1 Volcker, Paul 1 volk 1 Voltaire 1 Vote Leave campaign 1, 2, 3, 4, 5, 6, 7 voting rights 1, 2, 3, 4, 5, 6, 7 Wallace, Alfred Russel 1 Wall Street 1, 2, 3 Wall Street Crash 1, 2 Walwyn, William 1, 2, 3, 4 A New Petition of the Papists 1 war 1, 2, 3, 4, 5, 6, 7 Washington, George 1, 2, 3 Waterloo 1 wealth 1, 2 Web 2.0 1 Weinstein, Bret 1 welfare 1, 2 welfare state 1, 2, 3, 4 Wells Fargo 1, 2 West, Kim Kardashian 1 WhatsApp 1 Whigs 1, 2, 3, 4, 5, 6 white supremacists 1, 2, 3 Widmann, Albert 1 Wilde, Oscar 1 Wilkinson, Jim 1 will corporate will 1 general will 1, 2, 3, 4, 5 private will 1 will of the people American independence 1 Constant on 1 EU referendum 1 French Revolution 1, 2 Hayek’s economics 1 Mill on 1 Trump administration 1 William of Orange 1, 2, 3, 4, 5, 6, 7 Williams, Bernard 1 Windrush generation 1, 2 Winter of Discontent 1 women adaptive preference 1 black women 1 discrimination 1 exclusion of 1, 2, 3, 4, 5 feminism 1, 2 group identity 1, 2 Holocaust 1 legal abortion 1 Mill and Taylor on 1, 2, 3, 4 positive discrimination 1 religious limits on freedom 1 right-wing identity politics 1, 2 Russian Great Terror 1 sex and gender 1 voting rights 1, 2 women’s rights 1, 2 Woolrych, Austin 1 Wordsworth, William 1 working class 1, 2 World Health Organisation 1 World Trade Center 1 World Trade Organisation (WTO) 1, 2, 3, 4, 5, 6 World Wide Web 1 Yanukovych, Viktor 1 Yarosh, Dmytro 1 yield spread premiums 1 Young, George 1 YouTube 1, 2, 3, 4 Yuval-Davis, Nira 1 Zapatero, José Luis 1 Zeid Ra’ad Al Hussein 1 Zionism 1 Zola, Émile 1 J’Accuse 1, 2 Zuckerberg, Mark 1 Quality contemporary non-fiction.
Riding for Deliveroo: Resistance in the New Economy by Callum Cant
Airbnb, call centre, collective bargaining, deskilling, Elon Musk, future of work, gig economy, housing crisis, illegal immigration, information asymmetry, invention of the steam engine, Mark Zuckerberg, means of production, new economy, Pearl River Delta, race to the bottom, ride hailing / ride sharing, sharing economy, Silicon Valley, strikebreaker, union organizing, Winter of Discontent, women in the workforce
The most militant amongst them, like William Benbow, dreamt of a ‘grand national holiday’ when all workers would strike together to overthrow their oppressors, establish plenty, abolish want, and render all people equal through a new constitution drafted by a working-class government.22 This dream was never achieved, but the workers movement in Britain did grow into a colossal social force. Across the decades, workers came to the brink of changing everything, again and again. In 1926, a British general strike came too late to build on the revolutionary energy of the immediate post-war period, but still shook the ruling class to its core. In 1974, a coal miners’ strike toppled the Tory government. Then, in 1979, the ‘winter of discontent’ saw 4,608,000 British workers recorded as going on strike – although the real number is likely to be higher. At least 18 per cent of the total economically active population was involved in strike action at some point in the year. But, soon after, the workers’ movement stuttered. That stutter then turned into a retreat, as the movement began to lose ground to a new offensive launched by the ruling class.
Brit-Myth: Who Do the British Think They Are? by Chris Rojek
Bob Geldof, British Empire, business climate, colonial rule, deindustrialization, demand response, full employment, Gordon Gekko, Isaac Newton, Khartoum Gordon, Live Aid, Mahatma Gandhi, mass immigration, means of production, post-industrial society, Red Clydeside, sceptred isle, Stephen Hawking, the market place, urban planning, Winter of Discontent
The Wilson, Heath and Callaghan governments of the 1960s and ’70s, went some way to attenuating this by insisting that Britain’s national interests lay in the direction of partnership with Europe and promoting diversity rather than protecting class privilege. Under James Callaghan’s term of ofﬁce, in the late 1970s, the ignominious application to the International Monetary Fund for ﬁnancial assistance to bail the nation out of economic disaster and the wave of strikes in the public sector in the so-called ‘winter of discontent’, seemed to signify the need for a redeﬁnition of the nation which acknowledged that Britain was no longer a genuine world power. Unfortunately, the Thatcher and Major governments failed to grasp the nettle by designing a new model of the nation that could get to grips with the realities of globalization, multiculturalism and multi-ethnicity. Instead, they pulled out an ouija board and tried to invoke the spirit of Churchill in the years of World War Two to revive national notions of individualism, bulldog endeavour, purpose and unity.
State of Emergency: The Way We Were by Dominic Sandbrook
anti-communist, back-to-the-land, banking crisis, Bretton Woods, British Empire, centre right, collective bargaining, Corn Laws, David Attenborough, Doomsday Book, edge city, estate planning, Etonian, falling living standards, fear of failure, Fellow of the Royal Society, feminist movement, financial thriller, first-past-the-post, fixed income, full employment, German hyperinflation, global pandemic, mass immigration, moral panic, Neil Kinnock, new economy, New Urbanism, Norman Mailer, North Sea oil, oil shock, Own Your Own Home, sexual politics, traveling salesman, union organizing, upwardly mobile, urban planning, Winter of Discontent, young professional
The conflict in Northern Ireland, which dominated the headlines in the Heath years, actually claimed its first victim in 1966, while the environmentalist movement, apparently steeped in the values of the early 1970s, drew inspiration from books published by Rachel Carson and Barbara Ward in 1962 and 1966. Even Thatcherism, supposedly such a radical response to the traumas of the three-day week and the Winter of Discontent, built on a long prehistory of Conservative antipathy to the welfare state and the post-war consensus. Not surprisingly, historians have often been quick to challenge the exaggerated arch-Thatcherite vision of the 1970s as a period of unprecedented gloom and decline. It is certainly true that for many people living standards stagnated, and middle-class families in particular felt trapped between high taxes and soaring inflation.
As the horrified reaction to the figure of one million unemployed in January 1972 shows, the press and the general public were still tightly attached to full employment. And if Heath had followed Powell’s advice and taken a strict free-market approach, matters would surely have worked out very differently from how they did later under Mrs Thatcher. When he took office in 1970, after all, there had been no miners’ strike, no oil crisis, no inflation at more than 25 per cent, no IMF crisis and no Winter of Discontent. Although there was a deep thirst for modernization, there was little appetite for the radical surgery of the early 1980s. Indeed, given how violently people reacted to what Heath actually did in his first couple of years, he might well have provoked a general strike if he had adopted even more Thatcherite policies. And unlike Mrs Thatcher, he would have got little support from the press, the Civil Service or even much of his own party.
A year later, Mrs Thatcher recalled him to the front bench as Shadow Foreign Secretary, but as she later put it, his performance was ‘a source of embarrassment’. She sacked him in November 1976, and a year later, after more revelations about his association with Poulson, he suffered the indignity of being investigated, albeit very feebly, by a parliamentary Select Committee. After sinking into outright alcoholism, he died of cirrhosis of the liver in February 1979. Perhaps it was appropriate that he died at exactly the moment – the Winter of Discontent – when the post-war consensus was breaking up, for, as an unrepentant One Nation moderate, he had been its most articulate Tory champion. Even so, his passing at the age of just 61 seemed a dreadful waste. Few politicians of his generation were blessed with greater intelligence and charm, but few were cursed with such indolence and greed. He had found ‘nothing more worth the wear of winning’, he wrote on the final page of his memoirs, ‘than laughter and the love of friends’.
Respectable: The Experience of Class by Lynsey Hanley
Berlin Wall, cuban missile crisis, David Brooks, delayed gratification, Etonian, full employment, housing crisis, illegal immigration, invisible hand, liberation theology, low skilled workers, mutually assured destruction, Neil Kinnock, Norman Mailer, Own Your Own Home, Right to Buy, Ronald Reagan, strikebreaker, upwardly mobile, Winter of Discontent
‘Whenever my family’s gone through things from boxes from the fifties and sixties, you’d notice that anything delicate was wrapped up in the Daily Mirror … both my grandfathers had been dyed-in-the-wool Labour supporters but switched from the Mirror to either the Daily Mail or the Express in 1979 … they both desperately wanted to feel proud of Britain and being British, and both of them felt the Winter of Discontent was this huge blow to their sense of pride.’ That was a different eighties from the one I remember, though many people recall it more in the way that Richard’s family did. In Britain at least, the other cold war, the class one, turned hot. This knowledge was at times viscerally present in our own household. I remember arguments about politics at Sunday dinnertime, a silent pall falling over the table.
A Brief History of Neoliberalism by David Harvey
affirmative action, Asian financial crisis, Berlin Wall, Bretton Woods, business climate, business cycle, capital controls, centre right, collective bargaining, creative destruction, crony capitalism, debt deflation, declining real wages, deglobalization, deindustrialization, Deng Xiaoping, Fall of the Berlin Wall, financial deregulation, financial intermediation, financial repression, full employment, George Gilder, Gini coefficient, global reserve currency, illegal immigration, income inequality, informal economy, labour market flexibility, land tenure, late capitalism, Long Term Capital Management, low-wage service sector, manufacturing employment, market fundamentalism, mass immigration, means of production, Mexican peso crisis / tequila crisis, Mont Pelerin Society, mortgage tax deduction, neoliberal agenda, new economy, Pearl River Delta, phenotype, Ponzi scheme, price mechanism, race to the bottom, rent-seeking, reserve currency, Ronald Reagan, Silicon Valley, special economic zone, structural adjustment programs, the built environment, The Chicago School, transaction costs, union organizing, urban renewal, urban sprawl, Washington Consensus, Winter of Discontent
It chose the former path, and draconian budgetary cutbacks in welfare state expenditures were implemented.29 The Labour government went against the material interests of its traditional supporters. But it still had no solution to the crises of accumulation and stagflation. It sought, unsuccessfully, to mask the difficulties by appealing to corporatist ideals, in which everyone was supposed to sacrifice something for the benefit of the polity. Its supporters were in open revolt, and public sector workers initiated a series of crippling strikes in the ‘winter of discontent’ of 1978. ‘Hospital workers went out, and medical care had to be severely rationed. Striking gravediggers refused to bury the dead. The truck drivers were on strike too. Only shop stewards had the right to let trucks bearing “essential supplies” cross picket lines. British Rail put out a terse notice “There are no trains today” … striking unions seemed about to bring the whole nation to a halt.’30 The mainstream press was in full cry against greedy and disruptive unions, and public support fell away.
Hostile Environment: How Immigrants Became Scapegoats by Maya Goodfellow
Boris Johnson, British Empire, call centre, collective bargaining, colonial rule, creative destruction, deindustrialization, Donald Trump, European colonialism, falling living standards, G4S, housing crisis, illegal immigration, low skilled workers, mass immigration, megacity, moral panic, open borders, race to the bottom, Right to Buy, Scientific racism, Winter of Discontent, working poor
Even as it claimed limits were necessary, when Parliament passed the bill, an editorial in The Times called it ‘probably the most shameful measure that the Labour members have ever been asked by their whip to support’.76 As the decades have passed, it’s not been uncommon for Labour folk to look on Wilson’s government fondly, as one that despite its faults, cared about people, and Callaghan as a kindly figure who badly mishandled the Winter of Discontent.77 Another side of Labour history came to the fore in 1968. One of the most reactionary immigration acts that has ever passed through Parliament was brought forward by a Labour government. But in line with the left’s tradition of radicalism and anti-imperialism, there were people fighting back. The Movement for Colonial Freedom (MCF), for instance, was an anti-colonialist organisation that included among its founding members strong anti-imperialist voices like Labour MPs Fenner Brockway and Tony Benn and some national trade unions, as well as constituency Labour parties and trade union branches.
The Cost of Inequality: Why Economic Equality Is Essential for Recovery by Stewart Lansley
"Robert Solow", banking crisis, Basel III, Big bang: deregulation of the City of London, Bonfire of the Vanities, borderless world, Branko Milanovic, Bretton Woods, British Empire, business cycle, business process, call centre, capital controls, collective bargaining, corporate governance, corporate raider, correlation does not imply causation, creative destruction, credit crunch, Credit Default Swap, crony capitalism, David Ricardo: comparative advantage, deindustrialization, Edward Glaeser, Everybody Ought to Be Rich, falling living standards, financial deregulation, financial innovation, Financial Instability Hypothesis, floating exchange rates, full employment, Goldman Sachs: Vampire Squid, high net worth, hiring and firing, Hyman Minsky, income inequality, James Dyson, Jeff Bezos, job automation, John Meriwether, Joseph Schumpeter, Kenneth Rogoff, knowledge economy, laissez-faire capitalism, light touch regulation, Long Term Capital Management, low skilled workers, manufacturing employment, market bubble, Martin Wolf, mittelstand, mobile money, Mont Pelerin Society, Myron Scholes, new economy, Nick Leeson, North Sea oil, Northern Rock, offshore financial centre, oil shock, plutocrats, Plutocrats, Plutonomy: Buying Luxury, Explaining Global Imbalances, Right to Buy, rising living standards, Robert Shiller, Robert Shiller, Ronald Reagan, savings glut, shareholder value, The Great Moderation, The Spirit Level, The Wealth of Nations by Adam Smith, Thomas Malthus, too big to fail, Tyler Cowen: Great Stagnation, Washington Consensus, Winter of Discontent, working-age population
A few months after Heath lost the election in 1974, Lord Chalfont, a former Labour Defence Minister wrote of ‘the massive power and often ruthless action of the great industrial trades unions’. Headlined ‘Could Britain be heading for a military takeover’, the article went onto warn that ‘Large industrial concerns are beginning to talk in terms of a co-ordinated defence against industrial action or wholesale nationalisation’.57 With Britain scarred by a series of high profile and highly damaging strikes— especially during the ‘winter of discontent’ in 1979, Mrs Thatcher made trade-union reform one of her top priorities. From 1979, employment rights were removed, strikes made much more difficult and wages councils abolished. In 1984, the year long, set piece battle with the National Union of Miners—badly led by the most combative of all the union bosses, Arthur Scargill—led to an historic and devastating defeat for the miners. The organised labour movement in Britain never really recovered from the strike—the third miner’s dispute in 12 years.
Godforsaken Sea by Derek Lundy
She hadn’t been able to shower in two weeks. Soon it would be warmer, and she would be able to face the icy, cleansing water. FINALLY, ONE BY one and two by two, they began to come home. They had begun the race in an autumn Bay of Biscay storm. Now they had to finish it sailing through the bay’s late-winter and early-spring gales. All the time the boats had been off sailing the world, Biscay had been blustering away—its usual winter of discontent. It was a little easier heading back toward the Vendée coast than it had been leaving it, because the boats’ generally northeast course brought the westerly winds of the winter lows farther behind them. They were able to reach rather than having to beat to windward. That reduced the apparent wind and, most helpfully, the impact of waves on the strained hulls. When the skippers were in the Southern Ocean, it seemed as if no sea or ocean anywhere else in the world could test them, or scare them, the way the Great South did.
Zero-Sum Future: American Power in an Age of Anxiety by Gideon Rachman
Asian financial crisis, bank run, battle of ideas, Berlin Wall, Big bang: deregulation of the City of London, Bonfire of the Vanities, borderless world, Bretton Woods, BRICs, capital controls, centre right, clean water, collapse of Lehman Brothers, colonial rule, currency manipulation / currency intervention, deindustrialization, Deng Xiaoping, Doha Development Round, energy security, failed state, Fall of the Berlin Wall, financial deregulation, Francis Fukuyama: the end of history, full employment, global reserve currency, greed is good, Hernando de Soto, illegal immigration, income inequality, invisible hand, Jeff Bezos, laissez-faire capitalism, Live Aid, market fundamentalism, Martin Wolf, mass immigration, Mexican peso crisis / tequila crisis, Mikhail Gorbachev, moral hazard, mutually assured destruction, Naomi Klein, Nelson Mandela, offshore financial centre, open borders, open economy, Peace of Westphalia, peak oil, pension reform, plutocrats, Plutocrats, popular capitalism, price stability, RAND corporation, reserve currency, rising living standards, road to serfdom, Ronald Reagan, shareholder value, Sinatra Doctrine, sovereign wealth fund, special economic zone, Steve Jobs, Stewart Brand, The Chicago School, The Great Moderation, The Myth of the Rational Market, Thomas Malthus, trickle-down economics, Washington Consensus, Winter of Discontent, zero-sum game
It was increasingly argued that the country was being “held to ransom” by the unions, who seemed able to cut off the electricity and leave the dead unburied while they pursued their disputes. As a child in London in the 1970s, I found it rather exciting to grow up in a world of power cuts and urban riots. But adults of voting age found the atmosphere of perpetual national crisis much less acceptable. Thatcher’s victory in the election of May 1979 was secured by the misery of the “winter of discontent” of 1978–79, a series of crippling strikes that fed Britain’s feeling of national malaise. In the run-up to the vote on May 4, 1979, both Thatcher and the prime minister she would replace, James Callaghan, sensed that epochal change was in the making. “There are times, perhaps once every thirty years, when there is a sea change in politics,” Callaghan remarked. “It then doesn’t matter what you say or do.”2 Callaghan’s musings were remarkably prescient.
Corbyn by Richard Seymour
anti-communist, banking crisis, battle of ideas, Bernie Sanders, Boris Johnson, British Empire, call centre, capital controls, centre right, collective bargaining, credit crunch, Donald Trump, eurozone crisis, first-past-the-post, full employment, gender pay gap, housing crisis, income inequality, knowledge economy, land value tax, liberal world order, mass immigration, means of production, moral panic, Naomi Klein, negative equity, Neil Kinnock, new economy, non-tariff barriers, Northern Rock, Occupy movement, offshore financial centre, pension reform, Philip Mirowski, precariat, quantitative easing, race to the bottom, rent control, Snapchat, stakhanovite, Washington Consensus, wealth creators, Winter of Discontent, Wolfgang Streeck, working-age population, éminence grise
The resentments generated by top-down, mandarin control of public industries, by incomes policies, by intrusive welfare bureaucracies and the increasingly authoritarian bent of state interventions may not have been enough by themselves to create a sufficient backlash. But the fact that they manifestly did not work, that public enterprises were ‘lame ducks’, that unemployment still soared, that the consensus had yielded to ‘stagflation’, and that the social contract broke down with the ‘winter of discontent’, showed the state to be not merely ‘nannying’, but also ineffectual. What is more, the leadership of social democracy was increasingly in agreement with the Rightist critique: it was Labour’s Denis Healey who effectively introduced the doctrine of ‘sado-monetarism’ before Thatcher was elected. In the spaces where social democracy had decomposed, the ideology of Thatcherism began to lay roots.
The Nanny State Made Me: A Story of Britain and How to Save It by Stuart Maconie
banking crisis, basic income, Bernie Sanders, bitcoin, Boris Johnson, British Empire, cognitive dissonance, collective bargaining, Corn Laws, David Attenborough, Desert Island Discs, don't be evil, Downton Abbey, Elon Musk, Etonian, failed state, Francis Fukuyama: the end of history, full employment, G4S, Gordon Gekko, greed is good, helicopter parent, hiring and firing, housing crisis, job automation, Mark Zuckerberg, market fundamentalism, Marshall McLuhan, North Sea oil, Own Your Own Home, plutocrats, Plutocrats, rent control, Right to Buy, road to serfdom, Silicon Valley, The Chicago School, universal basic income, Winter of Discontent
He believes that in the 1970s, ‘British social democracy and the welfare state were to be at their peak’. Trade union membership rose to its high-water mark; inequality was at its lowest. Gross Domestic Product doubled between 1950 and 1973. In the 60s, there were regular growth spurts of 6 per cent a year, and the record high remains 1973 – for monetarist naysayers supposedly the heart of our economic darkness – when it hit a magnificent 7.4 per cent. The popular notion that the 1979 Winter of Discontent was an economic nadir for Britain that propelled Thatcher to power is something of a myth too. Almost 30 million working days were lost by strikes that year, but 20.7 million of them came after the election when the Conservatives were in government. British decline, as journalist Neal Ascherson has pointed out, ‘shows not a steady descending gradient but a sudden cliff-edge’. That cliff edge was 1979.
An Extraordinary Time: The End of the Postwar Boom and the Return of the Ordinary Economy by Marc Levinson
affirmative action, airline deregulation, banking crisis, Big bang: deregulation of the City of London, Boycotts of Israel, Bretton Woods, business cycle, Capital in the Twenty-First Century by Thomas Piketty, car-free, Carmen Reinhart, central bank independence, centre right, clean water, deindustrialization, endogenous growth, falling living standards, financial deregulation, floating exchange rates, full employment, George Gilder, Gini coefficient, global supply chain, income inequality, income per capita, indoor plumbing, informal economy, intermodal, invisible hand, Kenneth Rogoff, knowledge economy, late capitalism, linear programming, manufacturing employment, new economy, Nixon shock, North Sea oil, oil shock, Paul Samuelson, pension reform, price stability, purchasing power parity, refrigerator car, Right to Buy, rising living standards, Robert Gordon, rolodex, Ronald Coase, Ronald Reagan, Simon Kuznets, statistical model, strikebreaker, structural adjustment programs, The Rise and Fall of American Growth, Thomas Malthus, total factor productivity, unorthodox policies, upwardly mobile, War on Poverty, Washington Consensus, Winter of Discontent, Wolfgang Streeck, women in the workforce, working-age population, yield curve, Yom Kippur War, zero-sum game
“We’d had three years of pay restraint, and people had got fed up of it,” recalled a trucker in the desolate Yorkshire city of Hull. When Callaghan refused to retreat, autoworkers, lorry drivers, railway workers, nurses, even gravediggers walked off the job. Hospitals turned away patients, and chickens died for lack of feed. The dark, snowy winter of 1978–79 would go down in history as the Winter of Discontent, the winter when Londoners’ trash was piled in Leicester Square because the dustmen refused to cart it away. Output collapsed as nearly thirty million workdays were lost amid the strikes. When the disputes were finally settled, striking workers won wage hikes far above the government’s 5 percent guideline. In March 1979, by the margin of a single vote, Parliament pronounced no confidence in the Callaghan government.21 That vote, and the ensuing collapse of the Labour Party as a driving force in British politics, owed much to Margaret Thatcher.
Commuter City: How the Railways Shaped London by David Wragg
Beeching cuts, Boris Johnson, British Empire, financial independence, joint-stock company, joint-stock limited liability company, Louis Blériot, North Sea oil, railway mania, Right to Buy, South Sea Bubble, urban sprawl, V2 rocket, Winter of Discontent, yield management
Yet, on the Southern Region the often very short turn round times, especially during the morning and evening peak periods, meant that the promised seat reservations could not always be provided, especially at the busiest periods when this service was most appreciated and sought after by the traveller. Progressively, the brand was removed from these services, including even the Waterloo-Southampton-Bournemouth-Weymouth service, which over its entire length was considerably longer than London to Birmingham or Bristol. The period since the end of the Second World War had been marked by a consensus in British politics. This ended at the 1979 general election, when, spurred by a ‘winter of discontent’ that had seen the worst industrial unrest experienced in the UK since the year of the General Strike, the voters returned a Conservative administration under a new leader, Margaret Thatcher, determined to reverse the tide, with lower taxation, deregulation and denationalisation, although this latter policy was to be given the title of ‘privatisation’, probably justified by the fact that not only was the state to discard its own business interests, but so too were local authorities.
On Her Majesty's Nuclear Service by Eric Thompson
amateurs talk tactics, professionals talk logistics, Berlin Wall, British Empire, cuban missile crisis, Etonian, Fall of the Berlin Wall, friendly fire, Kickstarter, Mikhail Gorbachev, mutually assured destruction, Parkinson's law, Winter of Discontent, Yom Kippur War, young professional
These striking Civil Servants were taking the Queen’s shilling just like the men in Revenge but without risking their lives or being separated from their loved ones. As members of the Armed Forces, we were duty-bound to serve our country. The strikers didn’t even show loyalty to their own Labour Government, the Party of Organised Labour. Ever since that strike, the Navy has maintained a uniformed presence in all of the civilian departments involved in the Deterrent. We didn’t know it then but the country was about to enter the notorious Winter of Discontent (1978/79) when even the gravediggers would go on strike. That toppled the Callaghan Government. In March 1979, Margaret Thatcher called in Parliament for a vote of No Confidence in the Government and won. In the subsequent General Election, under the slogan of Labour isn’t working, the Conservatives swept back into power with a massive majority. The people had spoken. With overwhelming public support, Margaret Thatcher rapidly introduced legislation to curb the powers of the trade unions.
The Health Gap: The Challenge of an Unequal World by Michael Marmot
active measures, active transport: walking or cycling, Affordable Care Act / Obamacare, Atul Gawande, Bonfire of the Vanities, Broken windows theory, Capital in the Twenty-First Century by Thomas Piketty, Carmen Reinhart, Celtic Tiger, centre right, clean water, congestion charging, correlation does not imply causation, Doha Development Round, epigenetics, financial independence, future of work, Gini coefficient, Growth in a Time of Debt, illegal immigration, income inequality, Indoor air pollution, Kenneth Rogoff, Kibera, labour market flexibility, longitudinal study, lump of labour, Mahatma Gandhi, meta analysis, meta-analysis, microcredit, New Urbanism, obamacare, paradox of thrift, race to the bottom, Rana Plaza, RAND corporation, road to serfdom, Simon Kuznets, Socratic dialogue, structural adjustment programs, the built environment, The Spirit Level, trickle-down economics, twin studies, urban planning, Washington Consensus, Winter of Discontent, working poor
(As the grim joke has it: I want to die in my sleep like my dad; not screaming in terror like his passengers.) Yet, read certain sections of the press, and favourite hate objects are trade unions and ‘health and safety gone mad’. It is certainly true that in Britain in the 1970s, had the trade unions hired public relations people with the explicit instruction to ensure a bad press, they could hardly have trumped what actually happened. In Britain, we have only to remember the so-called ‘winter of discontent’ of 1978–9, when one trade union after another struck to the great discomfort of the public, to think that we do not want a return to unbridled power of trade union bosses. But that does not mean that we should revel in unbridled power of corporation bosses. It is entirely possible, and desirable, to run profitable companies that do not pursue profit at the expense of the physical and mental health of employees.
The Establishment: And How They Get Away With It by Owen Jones
anti-communist, Asian financial crisis, bank run, battle of ideas, Big bang: deregulation of the City of London, bonus culture, Boris Johnson, Bretton Woods, British Empire, call centre, capital controls, Capital in the Twenty-First Century by Thomas Piketty, centre right, citizen journalism, collapse of Lehman Brothers, collective bargaining, don't be evil, Edward Snowden, Etonian, eurozone crisis, falling living standards, Francis Fukuyama: the end of history, full employment, G4S, glass ceiling, hiring and firing, housing crisis, inflation targeting, Intergovernmental Panel on Climate Change (IPCC), investor state dispute settlement, James Dyson, laissez-faire capitalism, light touch regulation, market fundamentalism, mass immigration, Monroe Doctrine, Mont Pelerin Society, moral hazard, Neil Kinnock, night-watchman state, Northern Rock, Occupy movement, offshore financial centre, old-boy network, open borders, plutocrats, Plutocrats, popular capitalism, profit motive, quantitative easing, race to the bottom, rent control, road to serfdom, Ronald Reagan, shareholder value, short selling, sovereign wealth fund, stakhanovite, statistical model, The Wealth of Nations by Adam Smith, transfer pricing, union organizing, unpaid internship, Washington Consensus, wealth creators, Winter of Discontent
‘When the crisis occurs, the actions that are taken depend on the ideas lying around’ and ‘the politically impossible becomes politically inevitable’. Crucially, this ideological struggle reflected something that was playing out in British society at the time. As inflation soared and trade unions attempted to win pay settlements that reflected the cost of living, a wave of strikes shook the country, culminating in the 1978–79 Winter of Discontent, a battery of industrial action that shut down essential services in parts of the country. But although it won some battles, the entire trade-union movement was on the brink of calamitous defeat. Britain was becoming ever more receptive to the ideas of the Mont Pèlerin outriders. Among the new wave of think tanks set up in crisis-hit Britain was the Centre for Policy Studies (CPS), founded in 1974 by Margaret Thatcher and Keith Joseph – the son of a wealthy construction magnate and long-standing Conservative minister – to promote their insurgent right-wing views.
A Classless Society: Britain in the 1990s by Alwyn W. Turner
Berlin Wall, Bob Geldof, Boris Johnson, British Empire, call centre, centre right, deindustrialization, demand response, Desert Island Discs, endogenous growth, Etonian, eurozone crisis, facts on the ground, Fall of the Berlin Wall, falling living standards, first-past-the-post, Francis Fukuyama: the end of history, friendly fire, full employment, global village, greed is good, inflation targeting, lateral thinking, means of production, millennium bug, minimum wage unemployment, moral panic, negative equity, Neil Kinnock, Nelson Mandela, offshore financial centre, old-boy network, period drama, Ronald Reagan, sexual politics, Stephen Hawking, upwardly mobile, Winter of Discontent, women in the workforce
‘We weren’t far off a crisis in the basic infrastructure of the nation,’ reflected Alastair Campbell, while Jonathan Powell was later to write: ‘The public never realised quite how close we had come to shutting the country down on 13 and 14 September 2000. Ford had been about to close its European operations; hospitals were about to shut down for lack of fuel; and cashpoints were about to run out of money.’ The Queen was prevailed upon to sign an Emergency Order, allowing a state of emergency to be declared if it was considered necessary. There was an echo here of the fabled winter of discontent when, in the early months of 1979, the last Labour government had found itself in conflict with various trade unions. The most disruptive element in that dispute had been a transport workers’ strike that prevented food and other supplies from being moved around the country. The ensuing chaos had provided the backdrop to Margaret Thatcher’s election victory, and the Conservatives had never been shy of reminding the country of those times in subsequent years.
(TV) ref 1 The Whole Woman (Germaine Greer) ref 1 Widdecombe, Ann ref 1, ref 2, ref 3, ref 4, ref 5, ref 6, ref 7, ref 8, ref 9, ref 10, ref 11 Wilde, Oscar ref 1 Wilkinson, Helen ref 1 Wilkinson, Howard ref 1 William, Prince ref 1, ref 2, ref 3, ref 4, ref 5 Williams, Marcia ref 1, ref 2 Wilson, A.N. ref 1, ref 2, ref 3, ref 4 Wilson, Harold ref 1, ref 2, ref 3, ref 4, ref 5, ref 6, ref 7, ref 8, ref 9, ref 10, ref 11, ref 12, ref 13, ref 14, ref 15 windfall tax ref 1, ref 2 Windsor, Barbara ref 1, ref 2 Windsor Castle fire ref 1 Winning, Cardinal Thomas ref 1 Winston, Ronert ref 1 winter of discontent, 1979 ref 1 Winterbottom, Michael ref 1 Wogan, Terry ref 1, ref 2, ref 3, ref 4 women comics ref 1 erotic literature ref 1 female boxers ref 1 female pornography ref 1, ref 2 feminism ref 1, ref 2, ref 3, ref 4, ref 5 ‘girl power’ ref 1, ref 2 in the workforce ref 1 Labour MPs ref 1, ref 2 ladettes ref 1, ref 2 ordination of ref 1 parliamentary shortlists ref 1, ref 2 in rock and roll ref 1 tough fantasy figures ref 1 Women Institute ref 1 Wonderbra ref 1 Woodhead, Chris ref 1 Woodward, Shaun ref 1, ref 2, ref 3, ref 4 The Word (TV) ref 1, ref 2, ref 3 Wright, Tony ref 1, ref 2 Wyatt, Woodrow ref 1, ref 2, ref 3, ref 4, ref 5 A Year in Provence (Peter Mayle) ref 1 Yentob, Alan ref 1, ref 2 Yes Minister (TV) ref 1, ref 2, ref 3 York, Sarah, Duchess of ref 1, ref 2, ref 3, ref 4 Young British Artists (YBAs) ref 1, ref 2, ref 3, ref 4 Young, Hugo ref 1, ref 2, ref 3, ref 4, ref 5, ref 6, ref 7, ref 8, ref 9 Yugoslav wars ref 1, ref 2 zero-tolerance policing ref 1, ref 2 List of Illustrations 1.
The Fry Chronicles: An Autobiography by Stephen Fry
Alistair Cooke, back-to-the-land, Desert Island Discs, Etonian, Isaac Newton, Live Aid, loadsamoney, pre–internet, Ronald Reagan, Saturday Night Live, Sloane Ranger, South China Sea, The Wisdom of Crowds, University of East Anglia, Winter of Discontent
But the appetites that drive us and our susceptibility, resistance, acceptance and denial of substances define and reveal us at least as much as abstract expressions of belief or bald recitations of action and achievement. Maybe it’s just me. Maybe other people have greater control over their appetites and less interest in them. I seem to have been driven by greedy need and needy greed all my life. College to Colleague Cambridge The Winter of Discontent, they called it. Strikes by lorry drivers, car workers, nurses, ambulance drivers, railwaymen, refuse collectors and gravediggers. I don’t suppose I had ever been happier. After all the storm-tossed derangement of my teenage years – love, shame, theft, scandal, expulsion, attempted suicide, fraud, arrest, imprisonment and sentencing – I finally seemed to have found something close to equilibrium and fulfilment.
The Book of Woe: The DSM and the Unmaking of Psychiatry by Gary Greenberg
addicted to oil, Albert Einstein, Asperger Syndrome, back-to-the-land, David Brooks, impulse control, invisible hand, Isaac Newton, John Snow's cholera map, Kickstarter, late capitalism, longitudinal study, Louis Pasteur, McMansion, meta analysis, meta-analysis, neurotypical, phenotype, placebo effect, random walk, selection bias, statistical model, theory of mind, Winter of Discontent
Not that he denied this, but he was sure it should not be said so publicly, and it was making him wonder if he’d made a mistake by being so candid with me. “I often ask myself why I am so good to you when I know you will stab psychiatry in the back,” he had written earlier. He answered his own question. “It is the Prince Myshkin in me.” But, as was often the case when Frances called himself an idiot, it seemed his real barb was directed elsewhere. Frances’s winter of discontent was lasting into spring. “The man is an absolute fool and an incorrigible tool,” he wrote of one DSM-5 activist. The psychologists’ petition was “dying as the feckless humanists fiddle.” Paula Caplan had started her own petition, calling for a boycott of the DSM and for congressional hearings into the harmful effects of psychiatric diagnosis. Infighting among the groups opposing the APA was growing.
Fool Me Twice: Fighting the Assault on Science in America by Shawn Lawrence Otto
affirmative action, Albert Einstein, anthropic principle, Berlin Wall, Brownian motion, carbon footprint, Cepheid variable, clean water, Climategate, Climatic Research Unit, cognitive dissonance, Columbine, commoditize, cosmological constant, crowdsourcing, cuban missile crisis, Dean Kamen, desegregation, different worldview, double helix, energy security, Exxon Valdez, fudge factor, ghettoisation, global pandemic, Harlow Shapley and Heber Curtis, Harvard Computers: women astronomers, informal economy, Intergovernmental Panel on Climate Change (IPCC), invisible hand, Isaac Newton, Louis Pasteur, mutually assured destruction, Richard Feynman, Ronald Reagan, Saturday Night Live, shareholder value, sharing economy, smart grid, Solar eclipse in 1919, stem cell, the scientific method, The Wealth of Nations by Adam Smith, Thomas Kuhn: the structure of scientific revolutions, transaction costs, University of East Anglia, War on Poverty, white flight, Winter of Discontent, working poor, yellow journalism, zero-sum game
Managing the Unmanageable: Apollo, Space Age Management and American Social Problems. Space Policy 2008;24(3):158–165. http://si-pddr.si.edu/jspui/bitstream/10088/8213/1/Launius_2008_Managing_the_unmanageable.pdf. 19. Laursen, L. @ApolloPlus40—A Colossal Perversion. In the Field, Nature.com, July 7, 2009. http://blogs.nature.com/inthefield/2009/07/apolloplus40_a_colossal_perver.html. [blog] 20. Heppenheimer, T. A. Winter of Discontent. The Space Shuttle Decision. NASA History Series SP-4221. Washington, DC: National Aeronautics and Space Administration, 1999. http://history.nasa.gov/SP-4221/ch4.htm. 21. Newport, F. Landing a Man on the Moon: The Public’s View. Gallup News Service, July 20, 1999. www.gallup.com/poll/3712/landing-man-moon-publics-view.aspx. 22. Pion, G., & Lipsey, M. Public Attitudes Toward Science and Technology: What Have the Surveys Told Us?
Reaganland: America's Right Turn 1976-1980 by Rick Perlstein
"Robert Solow", 8-hour work day, affirmative action, airline deregulation, Alistair Cooke, American Legislative Exchange Council, anti-communist, Ayatollah Khomeini, Berlin Wall, Bernie Sanders, Brewster Kahle, business climate, clean water, collective bargaining, colonial rule, COVID-19, Covid-19, creative destruction, crowdsourcing, cuban missile crisis, currency peg, death of newspapers, defense in depth, Deng Xiaoping, desegregation, Donald Trump, energy security, equal pay for equal work, facts on the ground, feminist movement, financial deregulation, full employment, global village, Golden Gate Park, illegal immigration, In Cold Blood by Truman Capote, index card, indoor plumbing, Internet Archive, invisible hand, Julian Assange, Kitchen Debate, kremlinology, land reform, Marshall McLuhan, mass immigration, MITM: man-in-the-middle, Monroe Doctrine, moral panic, mutually assured destruction, New Journalism, oil shock, open borders, Potemkin village, price stability, Ralph Nader, RAND corporation, rent control, road to serfdom, Robert Bork, rolodex, Ronald Reagan, Rosa Parks, Saturday Night Live, Silicon Valley, traveling salesman, unemployed young men, union organizing, unpaid internship, Unsafe at Any Speed, Upton Sinclair, upwardly mobile, urban decay, urban planning, urban renewal, wages for housework, walking around money, War on Poverty, white flight, WikiLeaks, Winter of Discontent, yellow journalism, Yom Kippur War, zero-sum game
The IMF’s conditions demanded brutal austerity, and by the summer of 1978, the Labor prime minister, James Callaghan, asked the national Trades Union Confederation to hold down raises to 5 percent. Unions struck instead. Emergency rooms closed to all but the worst cases. Uncollected trash piled up in the streets. Bread was rationed. Crops rotted without truckers to move them—with little gasoline to fuel them in any event. England entered what became known as its “Winter of Discontent.” In Iran, the shah’s government was collapsing day by day at the hands of a many-tentacled revolutionary coalition. Oil strikes brought production from five million to two million barrels a day. One demand was the expulsion of all foreign workers and their dependents, including forty-one thousand Americans. By November 18 at least four thousand Westerners had left “after incidents,” UPI reported, “in which their homes were firebombed or ransacked and their cars destroyed.
former news Theodore White, America In Search of Itself: The Making of the President, 1956–1980 (New York: Harper & Row, 1981), 190; Sidney Blumenthal, The Permanent Campaign: Inside the World of Elite Political Operatives (Boston: Beacon Press, 1980), 47. Patrick Caddell Ibid., 27–57; Joe Klein, Politics Lost: How American Democracy Was Trivialized by People Who Think You’re Stupid (New York: Doubleday, 2006), 35–56; Caddell Oral History, Miller Center, University of Virginia; Gold, PR As In President, 207; Anthony Lewis, “Winter of Discontent,” NYT, April 15, 1974. Ford adman MacDougall, We Almost Made It, 22–23, 44–48. FBI director Clarence Kelley Witcover, Marathon, 547. Bob Dole, Ford’s hatchet-man Ibid., 548–49; AP, September 6, 1976. “body attached to the hand” “Carter Has Ad Headstart in Pennsylvania,” NYT, April 18, 1976. “spontaneous” presidential stroll “Ford ‘Campaigns’ from White House by Signing Bills,” NYT, September 8, 1976.
more immediate apocalypse Love Canal background: Michael Stewart Foley, Front Porch Politics: The Forgotten Heyday of American Activism in the 1970s and 1980s (New York: Hill & Wang, 2013), 151–62; Knight-Ridder News Service, November 15, 1978. “Pollution Victims Told of Liver Disorders” LAT, September 4, 1978. “Olfactory Niagara” NYT, August 9, 1978. “Anything, Anywhere, Any Time” Ibid. “set for a disaster movie” Knight-Ridder News Service, November 15, 1978. Alfred Kahn UPI, November 15, 1978. One Oregon newspaper Oregon Statesman/Capital Journal, “Insight” section, November 26, 1978. “Winter of Discontent” Christian Caryl, Strange Rebels: 1979 and the Birth of the 21st Century (New York: Basic Books, 2013), 52–54. four thousand Westerners UPI, November 18, 1978. “very well-planned operation” AP, December 24, 1978. “Dressed in a black turban” “Exiled Holy Man Hints He’ll Call for War in Iran,” NYT, November 7, 1978. “full backing” AP, December 13, 1978. Three weeks earlier Paul Laxalt, Paul Laxalt’s Nevada: A Memoir (Reno, NV: Jack Bacon & Co, 2000), 254.
London: The Autobiography by Jon E. Lewis
Afterwards a good deal of sarcasm was expended on this choice, but the rest of the quotation is often forgotten. St Francis prayed for more than peace; the prayer goes on: ‘Where there is error, may we bring truth. Where there is doubt, may we bring faith. And where there is despair, may we bring hope’. The forces of error, doubt and despair were so firmly entrenched in British society, as the ‘winter of discontent’ had just powerfully illustrated, that overcoming them would not be possible without some measure of discord. The election of a Conservative government under Margaret Thatcher had profound implications for London. The Greater London Council (GLC, the successor to the LCC) was headed by Ken Livingstone, a populist Labour politician bent on pursuing affirmative-action programmes for ‘minorities’ and a subsidized ‘Fares Fair’ transport policy that slashed Tube and bus fares.
Winning the War on War: The Decline of Armed Conflict Worldwide by Joshua S. Goldstein
Albert Einstein, Ayatollah Khomeini, Bartolomé de las Casas, Berlin Wall, Black Swan, business cycle, colonial rule, cuban missile crisis, Doomsday Clock, failed state, immigration reform, income inequality, invention of writing, invisible hand, land reform, long peace, microcredit, Mikhail Gorbachev, Nelson Mandela, purchasing power parity, RAND corporation, selection bias, Steven Pinker, Tobin tax, unemployed young men, Winter of Discontent, Y2K
Melander, Erick, Frida Möller, and Magnus Öberg. “Managing Intrastate Low-Intensity Armed Conflict 1993–2004: A New Dataset.” International Interactions 35, 2009: 58–85. Melander, Erik, Magnus Öberg, and Jonathan Hall. “Are ‘New Wars’ More Atrocious? Battle Severity, Civilians Killed, and Forced Migration before and after the End of the Cold War.” European Journal of International Relations 15 (3), 2009: 505–36. Meyer, David S. A Winter of Discontent: The Nuclear Freeze and American Politics. Westport, Conn.: Praeger, 1990. Midlarsky, Manus I. The Killing Trap: Genocide in the Twentieth Century. New York: Cambridge University Press, 2005. Mill, John Stuart. Principles of Political Economy: With Some of Their Applications to Social Philosophy. Vol. 2. From the 5th London Edition. New York: Appleton, 1902 . Mingst, Karen A. and Margaret P.
Why We Can't Afford the Rich by Andrew Sayer
accounting loophole / creative accounting, Albert Einstein, anti-globalists, asset-backed security, banking crisis, banks create money, basic income, Boris Johnson, Bretton Woods, British Empire, business cycle, call centre, capital controls, carbon footprint, collective bargaining, corporate raider, corporate social responsibility, creative destruction, credit crunch, Credit Default Swap, crony capitalism, David Graeber, David Ricardo: comparative advantage, debt deflation, decarbonisation, declining real wages, deglobalization, deindustrialization, delayed gratification, demand response, don't be evil, Double Irish / Dutch Sandwich, en.wikipedia.org, Etonian, financial innovation, financial intermediation, Fractional reserve banking, full employment, G4S, Goldman Sachs: Vampire Squid, high net worth, income inequality, information asymmetry, Intergovernmental Panel on Climate Change (IPCC), investor state dispute settlement, Isaac Newton, James Dyson, job automation, Julian Assange, Kickstarter, labour market flexibility, laissez-faire capitalism, land value tax, low skilled workers, Mark Zuckerberg, market fundamentalism, Martin Wolf, mass immigration, means of production, moral hazard, mortgage debt, negative equity, neoliberal agenda, new economy, New Urbanism, Northern Rock, Occupy movement, offshore financial centre, oil shale / tar sands, patent troll, payday loans, Philip Mirowski, plutocrats, Plutocrats, popular capitalism, predatory finance, price stability, pushing on a string, quantitative easing, race to the bottom, rent-seeking, Ronald Reagan, shareholder value, short selling, sovereign wealth fund, Steve Jobs, The Nature of the Firm, The Spirit Level, The Wealth of Nations by Adam Smith, Thorstein Veblen, too big to fail, transfer pricing, trickle-down economics, universal basic income, unpaid internship, upwardly mobile, Washington Consensus, wealth creators, WikiLeaks, Winter of Discontent, working poor, Yom Kippur War, zero-sum game
Bringing down inflation shifted the balance of power back from debtors to creditors, and flows of money from debtors in both the industrialised and developing countries increased. The 1970s versus now To read the tabloid newspapers, or listen to neoliberal politicians, one might think the 1970s in Britain were a time of unrelenting misery, when the country was run by ‘union barons’, paralysed by strikes and power cuts (‘the winter of discontent’), with rubbish piling up on the streets and bodies piling up in morgues (because grave-diggers were on strike), while inflation was rampant. Thank goodness things are not like that any more. Well, I was there, and bearing in mind that there were 3,652 days in the 1970s, and that the power cuts and other disruptions lasted only a small number of days, and then only in some parts of the country, this is somewhat misleading.
2312 by Kim Stanley Robinson
agricultural Revolution, double helix, full employment, hive mind, if you see hoof prints, think horses—not zebras, Kuiper Belt, late capitalism, mutually assured destruction, Nelson Mandela, offshore financial centre, orbital mechanics / astrodynamics, pattern recognition, phenotype, post scarcity, precariat, retrograde motion, stem cell, strong AI, the built environment, the High Line, Turing machine, Turing test, Winter of Discontent
So in this discussion the dispute kept on seesawing between the idea that Mercury was the legitimate, or in any case agreed-upon, broker in the matter, and furthermore could make things difficult—and besides had things to offer Saturn—and the idea that the Mercurials were interlopers who had succeeded in imposing a protection racket on the new little settlements inside it, and so should be finessed out of the deal in this their winter of discontent. Ultimately the council came to a conclusion Wahram had foreseen hours before: as Wahram himself was so sympathetic to the Mercurials, he was to return there and see what the situation was, talk to the lion cubs and find out who the next Lion would be, and then also go visit the Vulcanoids and see what they had to say for themselves—see what they thought of the arrangement Mercury had proposed to Saturn.
Riding Rockets: The Outrageous Tales of a Space Shuttle Astronaut by Mike Mullane
affirmative action, Berlin Wall, blue-collar work, dark matter, Donald Trump, Donner party, feminist movement, financial independence, invisible hand, Magellanic Cloud, orbital mechanics / astrodynamics, Pepto Bismol, placebo effect, Potemkin village, publish or perish, rolodex, Ronald Reagan, space pen, Stephen Hawking, urban sprawl, Winter of Discontent, your tax dollars at work
Hauck also revealed he had been told six months prior to the press release that he would command the return-to-flight mission but had been sworn to secrecy by Abbey. I wondered how many times during those six months other hopeful commanders had been in Rick’s company wondering aloud who would command STS-26, and Rick had pretended to wonder with them. Deep secrecy. It was Abbey’s style and it was killing astronaut morale. My winter of discontent continued. As we had anticipated, the lightweight SRB program was canceled and, along with it, all Vandenberg AFB shuttle operations were terminated. I would never see polar orbit. Challenger’s wreckage—all of it—was sealed in a pair of abandoned Cape Canaveral missile silos. It was another head-shaking moment for me. Pieces of the wreckage should have been retained for permanent display in key NASA locations as reminders of the cost of leadership and team failure.
The Enemy Within by Seumas Milne
active measures, anti-communist, Berlin Wall, Boris Johnson, collective bargaining, corporate governance, Edward Snowden, Etonian, Fall of the Berlin Wall, invisible hand, Kickstarter, market fundamentalism, Mikhail Gorbachev, Naomi Klein, Neil Kinnock, Nelson Mandela, New Journalism, Ronald Reagan, strikebreaker, union organizing, Washington Consensus, Winter of Discontent, éminence grise
As the British economy’s relative decline progressively narrowed the scope for accommodating working-class demands, the clashes with both Tory and Labour governments became sharper: first over Barbara Castle’s efforts to bring the unions to heel with her abortive ‘In Place of Strife’ proposals, then in the successful resistance to Edward Heath’s anti-union Industrial Relations Act, then in the breakdown of Jim Callaghan’s attempts to cut real wages in the ‘Winter of Discontent’. The Tories returned to power in 1979 determined to break the back of the entire trade-union movement. The NUM was not the only powerful union in the establishment’s sights – the giant Transport and General Workers’ Union, with its hold on the docks and road transport, for example, was also singled out for special treatment during the Thatcher years. But the NUM’s unique industrial position, its unmatched radicalization, and the Conservative Party’s spectacular humbling at the miners’ hands left little question as to which union would become the new government’s most important target.
Lonely Planet London by Lonely Planet
Boris Johnson, British Empire, car-free, carbon footprint, centre right, congestion charging, discovery of the americas, East Village, Etonian, financial independence, haute couture, haute cuisine, Isaac Newton, John Snow's cholera map, low cost airline, Mahatma Gandhi, market design, place-making, post-work, Skype, trade route, transatlantic slave trade, urban renewal, Winter of Discontent
The late 1970s were exhilarating times for London youth as punk opened the door for new wave, a punchy mod revival and the indulgent new romantics. While the music and fashion scene was popping, torpor had set into Britain’s body politic. Seen as weak and in thrall to the all-powerful trade unions, the brief and unremarkable Labour premiership of James Callaghan (1976–79) was marked by crippling strikes in the late 1970s, most significantly the ‘Winter of Discontent’ in 1978–79. For a fascinatingly informative blog reviewing the social, musical and popular cultural history of London, take a look at Another Nickel in the Machine (www.nickelinthemachine.com): it covers everything from vintage Bowie to suffragettes. The Thatcher & Major Years Recovery began – at least for the business community – under the iron fist of Margaret Thatcher, the leader of the Conservative Party, who was elected Britain’s first female prime minister in 1979.
Lonely Planet London City Guide by Tom Masters, Steve Fallon, Vesna Maric
Boris Johnson, British Empire, centre right, Clapham omnibus, congestion charging, dark matter, discovery of the americas, double helix, East Village, financial independence, first-past-the-post, ghettoisation, haute cuisine, Isaac Newton, John Snow's cholera map, Mahatma Gandhi, market design, Nelson Mandela, place-making, South of Market, San Francisco, Stephen Hawking, transatlantic slave trade, urban planning, urban renewal, Winter of Discontent, young professional
Punk was born – Vivienne Westwood shocked and awed the city with the wares from her clothing shop, Sex, on King’s Rd, while the Sex Pistols’ alternative national anthem, ‘God Save the Queen’, released during the national celebrations for Queen Elizabeth’s Silver Jubilee in 1977, was more outrageous than anything the ’60s had come up with. While the music and fashion scene was in overdrive, torpor had set into Britain’s body politic, as demonstrated by the brief and unremarkable Labour premiership of James Callaghan (1976–79). He was seen as weak and in thrall to the all-powerful trade unions, who crippled the UK with strikes in the late 1970s, most significantly during the ‘Winter of Discontent’ in 1978–79. Return to beginning of chapter THE THATCHER & MAJOR YEARS Recovery began – at least for the business community – under the iron fist of Margaret Thatcher, the leader of the Conservative Party, who was elected Britain’s first female prime minister in 1979. Ruling for the whole of the 1980s and embarking on an unprecedented program of privatisation, Margaret Thatcher is easily the most significant of Britain’s post-war leaders and opinions about her remain polarised in Britain today.
The Marshall Plan: Dawn of the Cold War by Benn Steil
Albert Einstein, Alistair Cooke, anti-communist, Berlin Wall, Bretton Woods, British Empire, business cycle, Carmen Reinhart, centre right, currency manipulation / currency intervention, deindustrialization, disintermediation, Dissolution of the Soviet Union, Donald Trump, eurozone crisis, facts on the ground, Fall of the Berlin Wall, full employment, imperial preference, invisible hand, Kenneth Rogoff, kremlinology, land reform, Mikhail Gorbachev, Monroe Doctrine, new economy, open economy, Potemkin village, RAND corporation, Ronald Reagan, structural adjustment programs, the market place, trade liberalization, Transnistria, Winter of Discontent, Works Progress Administration, éminence grise
Malling, Jens. “The Value of a Frozen Conflict.” Le Monde Diplomatique. March 2015. Mangasarian, Leon. “Putin Emboldened on Instability Arc by EU Defense Divide.” Bloomberg. May 15, 2014. https://www.bloomberg.com/news/articles/2014-05-14/eu-east-west-defense-divide-emboldens-putin-s-arc-of-inst. Margh, H. F. “Decision on Czech Loan.” New York Times. November 1, 1946. Mayer, Arthur L. “Winter of Discontent.” The New Republic. March 10, 1947. McKinnon, Ronald I. “Foreign Exchange Constraints in Economic Development and Efficient Aid Allocation.” Economic Journal. Vol. 74 (June 1964): 388–409. McLaughlin, Kathleen. “Berlin Lift Ends in 277,264th Flight.” New York Times. October 1, 1949. Menkiszak, Marek. “How Should Europe Respond to Russia? The Polish View.” European Council on Foreign Relations.
Liberalism at Large: The World According to the Economist by Alex Zevin
activist fund / activist shareholder / activist investor, affirmative action, anti-communist, Asian financial crisis, bank run, Berlin Wall, Big bang: deregulation of the City of London, Bretton Woods, British Empire, business climate, business cycle, capital controls, centre right, Chelsea Manning, collective bargaining, Columbine, Corn Laws, corporate governance, corporate social responsibility, creative destruction, credit crunch, David Ricardo: comparative advantage, debt deflation, desegregation, disruptive innovation, Donald Trump, Edward Snowden, failed state, Fall of the Berlin Wall, financial deregulation, financial innovation, Francis Fukuyama: the end of history, full employment, Gini coefficient, global supply chain, hiring and firing, imperial preference, income inequality, interest rate derivative, invisible hand, John von Neumann, Joseph Schumpeter, Julian Assange, Khartoum Gordon, land reform, liberal capitalism, liberal world order, light touch regulation, Long Term Capital Management, market bubble, Martin Wolf, means of production, Mikhail Gorbachev, Monroe Doctrine, Mont Pelerin Society, moral hazard, Naomi Klein, new economy, New Journalism, Norman Macrae, Northern Rock, Occupy movement, Philip Mirowski, plutocrats, Plutocrats, price stability, quantitative easing, race to the bottom, railway mania, rent control, rent-seeking, road to serfdom, Ronald Reagan, Rosa Parks, Snapchat, Socratic dialogue, The Wealth of Nations by Adam Smith, Thomas Malthus, too big to fail, trade liberalization, trade route, unbanked and underbanked, underbanked, unorthodox policies, upwardly mobile, War on Poverty, WikiLeaks, Winter of Discontent, Yom Kippur War, young professional
While spending cuts attached to the IMF loan (then the largest ever made) helped bring down the rate of inflation, this was also due to the acceptance by workers of pay caps – an incomes policy that collapsed two years later, when public sector unions struck against another round of real-term wage cuts. Inflation shot up, unemployment climbed above a million, and growth fell to a post-war low. The ‘winter of discontent’ ended in a narrow election win for the Conservatives under Margaret Thatcher – who campaigned on the promise that monetarist medicine could cure the economy of inflation by restricting the money supply. Ronald Reagan captured the White House in 1980, with similar plans to restore ‘morning in America’, as the swing to the right picked up speed across the OECD. Here the Economist hesitated, with the newsroom divided about the best – the most liberal – solution to the crisis.
Roller-Coaster: Europe, 1950-2017 by Ian Kershaw
airport security, anti-communist, Ayatollah Khomeini, banking crisis, Berlin Wall, Big bang: deregulation of the City of London, Boris Johnson, Bretton Woods, British Empire, business cycle, centre right, colonial rule, cuban missile crisis, deindustrialization, Deng Xiaoping, Donald Trump, European colonialism, eurozone crisis, Exxon Valdez, failed state, Fall of the Berlin Wall, falling living standards, feminist movement, first-past-the-post, fixed income, floating exchange rates, Francis Fukuyama: the end of history, full employment, illegal immigration, income inequality, Johann Wolfgang von Goethe, labour market flexibility, land reform, late capitalism, liberal capitalism, liberation theology, low skilled workers, mass immigration, means of production, Mikhail Gorbachev, mutually assured destruction, Nelson Mandela, North Sea oil, Northern Rock, oil shale / tar sands, oil shock, open borders, precariat, price stability, quantitative easing, race to the bottom, reserve currency, rising living standards, road to serfdom, Ronald Reagan, Ronald Reagan: Tear down this wall, Sinatra Doctrine, The Chicago School, trade liberalization, union organizing, upwardly mobile, washing machines reduced drudgery, Washington Consensus, Winter of Discontent, young professional
The inevitable spending cuts, now introduced by a Labour Chancellor of the Exchequer, Denis Healey, and falling heavily upon housing and education, brought a small reduction in the deficit and slowed inflation, while reducing state revenues from taxation. But holding down wages to 5 per cent, well below the cost of living, meant inroads into the standard of living that the trade unions, especially dominant in the public sector, were not prepared to accept. The number of days lost in industrial disputes rose alarmingly to a post-war peak by 1979, a level as bad as any in the century. The notorious ‘winter of discontent’ of 1978–9 saw bodies left unburied because gravediggers were on strike, rubbish piling up in streets because the refuse collectors were on strike, children locked out of schools because caretakers were on strike, and the sick not admitted to hospitals because their ancillary workers were on strike. This was the background to the resounding victory of the Conservative Party, now led by Margaret Thatcher, in the general election of 3 May 1979.
The Meritocracy Trap: How America's Foundational Myth Feeds Inequality, Dismantles the Middle Class, and Devours the Elite by Daniel Markovits
"Robert Solow", 8-hour work day, activist fund / activist shareholder / activist investor, affirmative action, Anton Chekhov, asset-backed security, assortative mating, basic income, Bernie Sanders, big-box store, business cycle, capital asset pricing model, Capital in the Twenty-First Century by Thomas Piketty, carried interest, collateralized debt obligation, collective bargaining, computer age, corporate governance, corporate raider, crony capitalism, David Brooks, deskilling, Detroit bankruptcy, disruptive innovation, Donald Trump, Edward Glaeser, Emanuel Derman, equity premium, European colonialism, everywhere but in the productivity statistics, fear of failure, financial innovation, financial intermediation, fixed income, Ford paid five dollars a day, Frederick Winslow Taylor, full employment, future of work, gender pay gap, George Akerlof, Gini coefficient, glass ceiling, helicopter parent, high net worth, hiring and firing, income inequality, industrial robot, interchangeable parts, invention of agriculture, Jaron Lanier, Jeff Bezos, job automation, job satisfaction, John Maynard Keynes: Economic Possibilities for our Grandchildren, knowledge economy, knowledge worker, Kodak vs Instagram, labor-force participation, longitudinal study, low skilled workers, manufacturing employment, Mark Zuckerberg, Martin Wolf, mass incarceration, medical residency, minimum wage unemployment, Myron Scholes, Nate Silver, New Economic Geography, new economy, offshore financial centre, Paul Samuelson, payday loans, plutocrats, Plutocrats, Plutonomy: Buying Luxury, Explaining Global Imbalances, precariat, purchasing power parity, rent-seeking, Richard Florida, Robert Gordon, Robert Shiller, Robert Shiller, Ronald Reagan, savings glut, school choice, shareholder value, Silicon Valley, Simon Kuznets, six sigma, Skype, stakhanovite, stem cell, Steve Jobs, supply-chain management, telemarketer, The Bell Curve by Richard Herrnstein and Charles Murray, Thomas Davenport, Thorstein Veblen, too big to fail, total factor productivity, transaction costs, traveling salesman, universal basic income, unpaid internship, Vanguard fund, War on Poverty, Winter of Discontent, women in the workforce, working poor, young professional, zero-sum game
The most remarkable thing about Trump is not that he did win but that he could have won—that he successfully imposed this dark vision on the political imagination of the most powerful and prosperous nation in the world, often against conventional wisdom, common sense, and objective facts. In the end, Trump carried key traditionally Democratic states, drawing decisive strength from a group of voters who had supported Barack Obama. Obama’s 2012 triumph seemed to belong to another era. And the “silliness” that elites mocked over the summer of 2015 matured into a winter of discontent, with no spring in sight. The whiplash between 2012 and 2016 baffles the elite. Trump’s victory leaves observers who found it unimaginable feeling as if they inhabit a different world from the one they thought they lived in. Trump’s censorious inaugural address reduced the previous Republican president, George W. Bush, to a confused curse: “That was some weird shit,” he reportedly said.
The Ragged Trousered Philanthropists by Robert Tressell
Berlin Wall, British Empire, Corn Laws, cuban missile crisis, full employment, James Watt: steam engine, Khartoum Gordon, laissez-faire capitalism, Louis Pasteur, means of production, Murano, Venice glass, Nelson Mandela, Thomas Malthus, union organizing, Upton Sinclair, upwardly mobile, wage slave, Winter of Discontent, women in the workforce
Location of Noonan’s place of burial in Liverpool. Bloody Sunday shootings. Fred Ball’s One of the Damned: The Life and Times of Robert Tressell, Author of ‘The Ragged Trousered Philanthropists’. USA defeated in Vietnam. President Nixon resigns. Labour government elected under Harold Wilson and (1976–9) Jim Callaghan. Ceremony to mark Noonan’s grave with a memorial tomb- stone. Murder of Steve Biko. Chronology li 1978– Winter of Discontent. Margaret Thatcher becomes prime minister. Television play, Give Us This Day: The Life and Times of Robert Tressell, directed by Phil Mulloy, broadcast. Falklands War. Alan Bleasdale, The Boys from the Blackstuff. Stephen Lowe’s stage adaptation of The Ragged Trousered Philanthropists. Famine in Ethiopia. Gorbachev calls for glasnost and perestroika. Anglo-Irish Agreement. Berlin Wall falls; collapse of Communist Eastern Europe begins.
The Best of Best New SF by Gardner R. Dozois
back-to-the-land, Buckminster Fuller, Burning Man, call centre, Columbine, congestion charging, dark matter, Doomsday Book, double helix, Extropian, gravity well, lateral thinking, Mason jar, offshore financial centre, out of africa, pattern recognition, phenotype, Silicon Valley, slashdot, Stephen Hawking, telepresence, Turing machine, Turing test, Winter of Discontent, Y2K, zero-sum game
I had to admit, the smell that drifted in wasn’t good. Olivia crumpled her face up in real dismay. “That’s horrid, mum. What is it?” “Someone hasn’t tied up their bin bags properly.” The pile in the corner of De Beauvoir Square was getting ridiculously big. As more bags were flung on top, so the ones at the bottom split open. The SkyNews and News24 programs always showed them with comparison footage of the ’79 Winter of Discontent. “When are they going to clear it?” Steve asked. “Once a fortnight.” Though I’d heard on the quiet that nearly 10 percent of the army had already deserted, and that was before they had to provide civic utility assistance squads along with fire service cover, prison guard duties, engineering support to power stations, and invading Iraq. We’d be lucky if the pile was cleared every month.
England by David Else
active transport: walking or cycling, Albert Einstein, back-to-the-land, Berlin Wall, Boris Johnson, British Empire, call centre, car-free, carbon footprint, colonial rule, Columbine, congestion charging, David Attenborough, David Brooks, Etonian, food miles, glass ceiling, haute cuisine, Isaac Newton, James Watt: steam engine, Kickstarter, Mahatma Gandhi, mass immigration, Nelson Mandela, new economy, New Urbanism, out of africa, period drama, place-making, sceptred isle, Skype, Sloane Ranger, South of Market, San Francisco, Stephen Hawking, the market place, trade route, transatlantic slave trade, unbiased observer, upwardly mobile, urban planning, urban renewal, urban sprawl, Winter of Discontent
Successful songs like ‘Please, Please Me’ and ‘I Want to Hold Your Hand’ ensure The Beatles become household names in Britain, then America – then the world. 1971 Britain adopts the ‘decimal’ currency (1 pound equals 100 pence) and drops the ancient system of one pound equals 20 shillings or 240 pennies, the centuries-old bane of school maths lessons. 1970s Much of the decade is characterised by inflation, inept governments (on the left and right), trade union disputes, strikes, shortages and blackouts, culminating in the 1978/79 ‘Winter of Discontent’. 1979 A Conservative government lead by Margaret Thatcher wins the national election, a major milestone of Britain’s 20th-century history, ushering in a decade of dramatic political and social change. 1982 Britain is victorious in war against Argentina over the invasion of the Falkland Islands, boosting patriotism and leading to a bout of flag-waving not seen since WWII. 1990 Mrs Thatcher ousted as leader and the Conservative party enters a period of decline, thanks partly to the introduction of unpopular ‘poll tax’, but remains in power thanks to inept Labour opposition. 1997 The general election sees Tony Blair lead ‘New’ Labour to victory in the polls, with a record-breaking parliamentary majority, ending more than 20 years of Tory rule. 2003 Britain joins the US-led invasion of Iraq, initially with considerable support from the public and the opposition.
Spain by Lonely Planet Publications, Damien Simonis
Atahualpa, business process, call centre, centre right, Colonization of Mars, discovery of the americas, Francisco Pizarro, Frank Gehry, G4S, glass ceiling, Guggenheim Bilbao, haute couture, haute cuisine, illegal immigration, intermodal, Islamic Golden Age, land reform, large denomination, low cost airline, place-making, Skype, trade route, upwardly mobile, urban planning, urban renewal, urban sprawl, Winter of Discontent, young professional
The small dining room is like what you might expect at your Mallorcan granny’s place. The Palma–Estellencs bus (€3.35, one hour 20 minutes) passes through Banyalbufar. It runs from four to 11 times a day. Valldemossa pop 1710 Valldemossa is an attractive blend of tree-lined streets, old stone houses and impressive new villas. It owes most of its fame to the fact that the ailing composer Frédéric Chopin and his lover, writer George Sand, spent their ‘winter of discontent’ here in 1838–39. They stayed in the Cartoixa de Valldemossa (aka Cartuja; 971 61 21 06; www.valldemossa.com; adult/student & child €7.50/3; 9.30am-6.30pm Mon-Sat, 10am-1pm Sun Jun-Sep, 9.30am-4.30pm Mon-Sat, 10am-1pm Sun Oct-May), a grand monastery that had been turned into rental accommodation after its monks were expelled in 1835. Their stay wasn’t entirely happy and Sand later wrote Un Hiver à Mallorque (Winter in Mallorca), which, if nothing else, made her perennially unpopular with Mallorcans.
Great Britain by David Else, Fionn Davenport
active transport: walking or cycling, Albert Einstein, Beeching cuts, Boris Johnson, British Empire, call centre, car-free, carbon footprint, clean water, colonial rule, Columbine, congestion charging, credit crunch, David Attenborough, Etonian, food miles, glass ceiling, global village, haute cuisine, illegal immigration, Isaac Newton, James Watt: steam engine, Kickstarter, land reform, Livingstone, I presume, Mahatma Gandhi, mass immigration, mega-rich, negative equity, new economy, North Sea oil, Northern Rock, offshore financial centre, period drama, place-making, Skype, Sloane Ranger, South of Market, San Francisco, Stephen Hawking, the market place, trade route, transatlantic slave trade, upwardly mobile, urban planning, urban renewal, urban sprawl, Winter of Discontent
Successful songs like ‘Please, Please Me’ and ‘I Want to Hold Your Hand’ ensure that pop band The Beatles becomes a household name in Britain, then America – then the world. 1970s Many immigrants of Asian origin arrive and settle in Britain, after being evicted by dictator Idi Amin from Uganda in East Africa – where they’d lived for generations since British colonial times. 1971 Britain adopts ‘decimal’ currency (1 pound equals 100 pence) and drops the ancient system of 1 pound equals 20 shillings or 240 pennies, the centuries-old bane of school maths lessons. 1978–79 The ‘Winter of Discontent’, the final nail in the coffin of a decade, is characterised by inflation, inept governments (on the left and right), trade union disputes, power blackouts, strikes and shortages. 1979 The Conservative Party, led by Margaret Thatcher, wins the general election, a major milestone in Britain’s 20th-century history, ushering in a decade of dramatic political and social change. 1982 Britain is victorious in its war against Argentina over the invasion of the Falkland Islands, boosting patriotism and leading to a bout of public flag-waving not seen since WWII, or probably since Agincourt. 1990 Mrs Thatcher is ousted as leader, and the Conservative Party enters a period of decline, thanks partly to the introduction of the hugely unpopular ‘poll tax’, but remains in power thanks to weak Labour opposition. 1997 After many years of Conservative government, the Labour party (now branded ‘New Labour’) under the leadership of Tony Blair wins the general election with a record-breaking parliamentary majority.