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I am right in thinking that it was at best a second or third order effect of the oil shocks though? Inflation leading to industrial unrest?
by Colman (colman at eurotrib.com) on Thu May 22nd, 2008 at 09:48:57 AM EST
[ Parent ]
from what I remember yes, although I remember it being said to show the necessity of reform, etc. etc. and has been used ever since as a stick to beat the unions with.

Life should consist in at least fifty percent pure waste of time, and the rest doing what you please.
by ceebs (bunchofwankers (at) gmail (dot) com) on Thu May 22nd, 2008 at 10:14:05 AM EST
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