Motley Fool: Scargill Was (Almost) Right

I never though the day would come when Arthur Scargill may be proved right.

For those who may be too young to remember, Arthur Scargill was leader of the National Union of Miners in the seventies and early eighties. He is probably best remembered for fighting doggedly with the Thatcher Government to ensure that unprofitable British coal mines remained open. He argued that there is no such thing as uneconomic pits — just pits that lack sufficient investment. He also contended that the closure of 20 unprofitable pits, which were owned by the National Coal Board, would result in the loss of 20,000 skilled jobs forever….

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