Lyric discussion by Coolgangster 

Could this song have anything to do with the Falklands war? Some of the lyrics could be directed at Thatcher. Any Kinks fan who knows when this song was first recorded? (Saw this on Sopranos, also)

@Coolgangster It's not a dig at Thatcher because she did nothing wrong. The lyrics appear to bemoan the loss of a uniquely English identity and sense of mission that could have reasserted our place in world history, as the Iron Lady attempted to do.

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