然后，在1970年代，撒切尔时代之前的经济正处于危机之中，最明显的症状就是“停滞型膨胀 ” — —通货膨胀和高失业率并行。
Nevertheless, by the 1970’s the pre-Thatcher political economy was in crisis. The most notorious symptom of this was the emergence of “stagflation” – simultaneously rising inflation and unemployment.