You obviously didn't live in the UK in the 70s. Nothing worked, everything was very, very expensive, inflation was rampant and unemployment was through the roof.
Rampant inflation in the 1970s eh ? Would that be the worldwide rampant inflation that was sparked first by the oil crisis and then again by the other errrr....oil crisis .
Unemployment was through the roof ? Yet Thatcher still manged to quadruple it in a very short time .

Are you doing that old person thing where you is wearing rose tinted glasses apache ?