Details

34 mins, 1997

What drives a market economy? The video visits South Wales to explore this question.

It illustrates primary, secondary and tertiary industries, and explains basic economic terms – demand and supply and the market price. In the 1980s many Welsh coal pits were declared “uneconomic”.

The miners disagreed and fought a bitter battle to keep the pits open.

Now with the pits shut the video vividly illustrates the social costs of a market economy: poverty and unemployment. Is there an alternative?