When did it all start going wrong?

The economic crash from 2008 on-wards has its aetiology much earlier in the middle part of the last century. Britain was basically bankrupt after all the shenanigans of the three day week (do you remember that) and the endless industrial disputes culminating in the infamous winter of discontent of 1978 when uncle Jim was PM? Next came Mrs T and the thunderclap of her economic policies that also brought in Big Band in the 1980's when money was for sale in the City of London.
We thought it a good idea to import the latest thinking from Wall Street under the guidance of a wizz kid Robert Dall at City Bank. He knew how to do clever things with debt. They were bundled up and called 'securitisation'. In other words debt was diced and sliced and sold on by the big boys in the banks as derivatives. We now had high risk and more importantly very high rewards for the lucky gamblers. The next big debt in line was mortgages and the birth of sub-prime came along just in time.
Then we in the UK had the first major economic shock on 16 September 1992 when the UK was bounced out of the European Exchange Rate Mechanism (ERM). David Cameron and boy George were then at the Treasury bean counting.
The plutocrats were now in charge of the banks following the crash of 2008 resulting from QE - the Central Banks in the US and UK printed money to save the day. As the Bible wisely says - the rich get richer and the poor get poorer. All this was spelt out with great clarity in The Super Rich and Us on BBC Two on Thursday evening. What a bloody mess!