Is it time to bring some Thatcherism to the current recession?
The bankers will not do as the Coalition government promised they'd make them.
Is there an argument to copy Mrs Thatcher's actions when an industry thumbs its nose at the country?
If we were being held to ransom by a powerful coal mining union, threatening the country with armageddon and financial ruin if they don't get their own way what should the Prime minister do?
1) Go along with their demands because the consequences of upsetting them are bad, and so cement the reliance of the county's financial integrity on them more-so.
2) Stand up to them. Call their bluff, ride out and ignore the resulting social breakdown in the areas affected by the resulting shutdown of the industry. Then build the economy on another footing.
Thatcher did number 2 with the miners and built an economy on Finance.
Does anyone think Cameron has the foresight and bravery to do the same with the over-powerful finance industry and rebuild our manufacturing base?