Friday, July 31, 2009

economics and thatcher/reagan

I was reminded recently of the "Tell Sid" campaign to get the public to engage in share trading when THatcher was privatising British Telecom, Gas and other utilities.

So here's the questions I'd like to see numerical answers to
1. How much did the great british unwashed public actually buy?
2. How much did they gain in reduced tax or increased services as a result of the new capital and tax revenue the treasury got from the previously state owned businesses
3. how much did we just lose in the recent debacle/creditcrunch/recession

really, was it all a complete waste of time and money (and some lives, viz railway accidents after track privatation)?

basically, did sid sell his birthright for a mess of potage?

No comments: