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a, a b, one out of the 1929 crisis. upheavals of the previous decade was revising, florida, sunday saw an allergic. what happened in the 1970s? miss of the economic miracle years subsided. economic seriously. milton friedman from hyatt put forward a counter theory, the less date, the better this clash of new development and theories, the letter paradigm. hi. it was a threat to freedom. he valued freedom even above equality. and think that that value meant that he constructed

a sort of theory of how the economy should work, which we now call less a fair or the washington consensus, or that sort of very liberal tradition of economic policy making that we should let markets do their business and let individuals make their choices. his famous book, the road to serfdom, had a big influence on margaret thatcher as well as on reagan. as soon as she took off this prime minister in may, 979, she lamented higher principles, comp, privatization, and pre world war to minimal state. to be done. she's very big figure in british history because she was really the 1st person who told britain, after many decades of decline, that actually britain shouldn't accept that it was declining the contents of around . and then in a tough way, said that some hard medicine had to be taken. some difficult decisions had to be

taken by industry about taxation about government spending, the country to introduce the welfare states, and the 1st to try to eradicate it some 50 years later. to sacha had to 1st strike a blow to the trade unions. and they represented a fall of socialism when she planned to close 20 mines, which would the 1000 minus went on strike the longest strike in british history. it land 1094 to 1995. you see the power thatcher crushed it. mm. to try to be did 820000 inch 811300 arrested were union culture was being suffocated and the people simply shrugged. mm. under mrs. thatcher the way it was regarded as some getting something for nothing. it was coded as a disincentive to work,

so if you were given benefits, you would not be not be interested in working school. so she reset everything really. the biggest thing she did and then was kind of unnoticed, almost because it's kind of people didn't kind of put it all together, was buys safe for ations, which had been state run. it was today. he that made it seem that it wasn't quite giving it all away. did they cancel housing? did the utilities she did it with british gas? she did event telecoms and for local council, she again part of the state less government met lower taxes and less money for public services. ah, that she began drastically lowering the tax rate for the best incomes and for companies

in a t increased almost immediately if you are a measure of inequality of britain over the 1980s, it was one most shaw increases inequality anywhere on the planet in there. so these po, savage policies, then you get to the end of that and is just this thing called the poll tax, which is really even more expensive for poor people to have houses that, that she government's whole tax call per capita, housing tax. it individual, regardless of income and no longer her household. thus it resembled the english pole tax of the middle ages, basically taking money from her from the poor and giving her to the rich. she was the opposite of robin hood. it was so obvious to people that a must bills am and that's why the post that's moving to cost of across the country and be places since nobody, even instigating

a be amazed at people suddenly can say and they put a what people do in those situations. and, and so our history again is i'm not gonna pay it and the tame and can't pay, won't pay. ah, ah, ah, with no self proclaimed liter, like today's yellow vests in france. the cold by past party politics met the