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Yup. It's going to get spicy.
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Although the unions today have nothing like the power and reach that they had in the 70s. For better or for worse, they at least made sure that the economic pain was felt across the social spectrum. This time it will be all just punching down.
It will make the austerity years look like a picnic.
Howard
fakenger35
@hurricane_run
The current government are facing an emerging full on economic crisis.. Inflationary pressures from commodity prices and excess money supply.. Poor economic growth.. Excess public and private debt..
Stagflation is actually happening. Just need some strikes and the 70s never went away.