She basically cut-off any funding to businesses / sectors relying on government aid and a lot went to the wall.QUOTE]
Creative destruction working its magic.
Contrary to popular belief amongst the statist governments of today, letting bad businesses fail is good.
Proping up zombie organisations is wealth destroying.
When bad businesses fail the employees, land and capital tied up in the firm can be used to better use in new profitable industries.
Proping up bad businesses is a short term measure that is destructive in the long term.
Letting bad businesses fail is a short term problem that is wealth creative over the longer term.
Everything Western governments are doing today (low interest rates, bailouts, quantitative easing) is short term good for our standards of living at the expense of the long term destruction of our strandards of living.
Every political party wants re-election so they screw our future in order to make the near term slightly better. The system is a mess.