e 1970’s unemployment, inflation, high interest rates, and little economic growth started to arise. Government regulations have impeded industrial growth in favor of protecting its natural setting. This is just one example of government interference. The British government spends heavily on social services targeted toward lower-income groups. These include housing, health care, education, and pensions. Trough these programs Britain has reduced inequality of income distribution and was one of the most equal democracies in the seventies. One of the most successful of these services was the National Health Service founded in 1948. Its affects were celebrated in the seventies. Such programs are the reasons why Great Britain is in part a socialist nation but at the same time the free market for most of the industry ensure a capitalistic system at the same time....
