50 years ago at Christmas 1973 Tory Industry Minister John Davies told his family to enjoy Christmas because ‘it may be our last’. Davies was looking at a situation where a miners overtime ban had led to a three day working week and power cuts. At the time the Six Day War earlier in the year between Eqypt and Israel had led to a significant increase in oil prices. Davies’s statement was about the possibility that capitalism would not last.
Fast forward to 2023 and while the Tories are focused on a Rwanda Culture War, Britain is close to recession, a cost of living crisis focused on energy costs, food prices and mortgages remains significant and the country is involved in wars in Ukraine and the Middle East.
Its Whamaggedon time…
https://en.wikipedia.org/wiki/John_Davies_(British_businessman)
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