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Danny Blanchflower
dannyblanchy.bsky.social
did:plc:jnwwdynp2ub62xdbpc5nru2j
Oil price shocks meant big price hikes and this caused much disruption as infrastructure based on cheap gas
Unions had huge increases in membership in 70s & able to change the capital /labour ratio. The capitalists didn’t like that so thatcher went after unions & generated lots of monopoly powers
2025-08-31T19:20:50.106Z