The best explanation of what went wrong with this country

From RT :unamused:

chrisdalott:
https://www.youtube.com/watch?v=EC0G7pY4wRE

The city of London was obviously no different in 1970 than it was in 1980.We join the EU in 1973 the process of deindustrialisation,as part of the transfer of wealth to EEC/Germany begins.Thatcher then finishes the job.What a surprise high paying industrial sector jobs are lost.Unemployment therefore labour supply also increases.Wage levels react by decreasing.Private debt increases to make up for the shortfall in income levels in real terms.The elites lie and try to re write history.Who would have thought it.