From: Dehede011@aol.com
Date: Sun Sep 01 2002 - 13:13:47 MDT
In a message dated 9/1/2002 12:54:24 PM Central Standard Time,
max@maxmore.com writes: In Postwar England, the problem of transition was
vastly worsened by government subsidization of industries that the market
"wanted" to let go of, such as shipbuilding and steel. When the subsidies
were finally removed the result was a nasty but then necessary jump in
unemployment putting a much greater strain on the transition process.
Max,
I have to agree that would make things worse. However I understand
the major problem was England's conduct during the 19th century. As I see it
there was a major asset (manpower) standing idle and somehow the English
people and government somehow didn't manage to put them to work.
In addition to the points put forward by, I think, Dan I don't see any
sign their investors were looking for work that would turn their unemployed
people into an asset.
If we have people that could be made more productive and we put them
to work it would remove them from the dole and turn them into a source of tax
money. That in turn could be turned into research that is badly needed.
Ron h.
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