Re: State Funeral for Thatcher : Sun Dec 18, 2011 10:08 pm
McLaren_Field wrote:
I think I answered further back on the thread, or maybe it was a different one, but my bro-in-law's pit at Bates colliery in Blyth was abandoned just a few weeks into the strike when maintenance work which was supposed to be overseen by management using union sanctioned volunteer maintenance crews was not initiated - you can speculate all you like about who made the decision to turn off the pumps in a deep under-sea mine that had just had in excess of £1million spent on its state of the art hydraulic roof jacks, but the truth is that within weeks it was not only flooded but collapsed along with all of the underground equipment.
Thats something that a lot of people tend to ignore, its wasn't just a loss of jobs and communities but a complete write off of millions (possibly billions) of pounds of equipment that was left underground in abandoned pits.
Absolute disgrace.
Thats something that a lot of people tend to ignore, its wasn't just a loss of jobs and communities but a complete write off of millions (possibly billions) of pounds of equipment that was left underground in abandoned pits.
Absolute disgrace.
Why? Capital is destroyed all the time. Industries like the car industry have never made money overall, but destroyed capital. However, within that certain companies have been very, very successful and made their owners fortunes. Same with UK mines - they were rationalised.
