godom Wrote:
Apr 15, 2013 10:35 AM
Ms. McArdle's conclusion was not entirely in favor of Thatcher: "[W]hile what Thatcher did may have been necessary, there is another necessary task that has been left undone: building sustainable opportunities for the displaced. The mistake that Thatcher and Reagan made was to assume that the unleashed market would simply take care of the problem. It didn't." If either action or inaction by the government makes obsolete an entire labor force, we have a duty to give these people the opportunity to be re-trained or educated to fit some other need in the market.