Word: thatcherism
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...unusual for Britain to have lots of strikes, each major trade union has had plenty of arm wrestles with successive Governments over the last 30 years. Just this winter, there were 17 separate industrial actions. What is different is Prime Minister Margaret Thatcher's renewed attempt to break the union's power grip on the country's services. She's risking economic disruption in the mids of a nation-wide economic downturn...
Whereas in the last 30 years a British Government's capitulation to organized labor's demands after a brief strike had become almost a ritual, the Iron Lady has begun to test the unions' mettle. The unions might have been running the show in the past, but no more Thatcher defused each strike this summer just by standing her ground...
...BRITISH UNIONS have certainly run roughshod at time, but Thatcher is going too far in her anti-trade union crusade. With the British economy deathly ill, she's right to want to cut costs and increase productivity. But economic recovery won't come without the cooperation of the now-humbled labor movement...
...Thatcher and Reagan aren't fully wrong, they should reign in some unnecessary union prerogatives. But the virulent anti-union bias of the two leaders is preventing the industrialized world from recovery...
...private visit to the U.S., West German Chancellor Helmut Schmidt told businessmen in San Francisco that "by claiming the right to extend American law to other territories, [the U.S.] is affecting not only the interests of the European trading nations but also their sovereignty." Even British Prime Minister Margaret Thatcher, whose country will not be linked to the Soviet network, has publicly rejected the U.S. stance. Said she on a state visit to Italy earlier this month: "These contracts were made and completed in good faith. If a country wants to keep its trading reputation, it must keep its contracts...