Complex sentence: The England of the 1983 in the story is a technically advanced country that has been abused and bled dry by Socialism, austerity is the watchword and rationing is still in force.
Split into simpler sentences: The England of the 1983 in the story is a technically advanced country that has been abused and bled dry by Socialism. Austerity is the watchword, and rationing is still in force.