Hey steady on now....
it was the Labour govt of Callaghan in 1976 which made made the first actual cuts in living standards among working class people since the war!

The Social Contract deals also politically disorientated the trade unions and much of that deal was delivered on the trade union side by leaders like Hugh Scanlon.

Much of Thatcher's policies were shaped before she came to office.According to Peter Ridell the of the Financial Times""If there had been a Thatcher experiment ,it had been launched by Denis Healey."

And to remind Mudcatters of the Wilson and Callaghan government they spent one billion pounds in secret on updating the Polaris Nuclear weapons improvement programme ["Chevaline"] at a time when Labour were cutting back on hospitals,homes and roads etc.

It wasn't the left wing of Labour which was responsible for the failure of the Callaghan govt...it turned on its own supporters rather than take on the financiers and big business interests.And lets remember it was a right wing split from Labour [the SDP ] which then ensured that Thatcher could get relected for a second term.Most of that lot are now back in the embrace of New Labour.

Shakey you really have been swallowing the right wing myths wholesale!
Get out a bit!
Albert

ps
as a socialist myself I have to ask if you ever wanted to change capitalism or did you just want to ask if it could be a bit nicer to the old,the poor ,the marginalised and the working people?