You are reading a single comment by @snottyotter and its replies.
Click here to read the full conversation.
-
"Let's get rid of the insurance market" or "Let's get rid of the City"
I mean, now that you mention it...
snottyotter-
I mean, now that you mention it...
Ha!
@NickCJ there was certainly myth-making but it also marked a fundamental shift in attitude to the purpose of the markets that hasn't changed since. From "finance helps business prosper" to "The prosperity of Finance is an end in itself". It wasn't the first step in the chain - you could trace things back to Henry Ford losing in court or earlier - but for the U,K. it was a watershed event.
itsbruce
This is a straw man argument. Questioning the primacy that finance acquired since Thatcher's big bang is not the same as saying "Let's get rid of the insurance market" or "Let's get rid of the City".