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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
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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.

Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu May 22nd, 2008 at 10:14:05 AM EST
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