It is a rare country that has managed industrialization and democratisation at the same time. Britain industrialised when she was ruled by an aristocratic oligarchy. America when she was a slave society, while, more recently, the much-lauded ‘tiger economies’ of the Far East are mainly characterised by authoritarian or repressive regime. The so-called Thatcher revolution in Britain during the 1980s which liberalised the economy was only effected after considerable rioting and widespread social unrest caused by the mass unemployment attendant upon that liberalisation.- Andrew Morton
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