SIR – It was kind of Mr Pollard (Letters, November 14) to share the gutter press (billionaire owners’) view of the 1970s.

The reality however, is very different Throughout the 1970s, those who aspire to rule the world (the City and Wall Street) wanted rid of Harold Wilson and any lingering traces of socialism in order to commence an economic experiment.

They had discovered a new ‘Messiah’ in the shape of one Milton Friedman, whose monetarist economic theories were manna from heaven to predatory capitalists. Although control of the global masses can be achieved by military power, it requires massive expenditure, huge armies and constant uncertainty.

However, They Who Would Be Kings, realised that the economic policies of Friedman, in the long term (and often applied as a follow-up to military force) facilitated control of not just countries, but eventually, the whole world, using nothing more complex than debt (national, private, personal, but preferably all three).

To get the show on the road, Wilson was mysteriously ousted, while Callaghan and Healey sold their principles. Enter Margaret Hilda Thatcher in the UK, Ronald Reagan in the USA, and the end results are plain for anyone (who is looking) to see.

Christopher Hindle, Osterley Grove, Bradford