You really hit RB when you denigrated Margaret Thatcher. Obviously, you don't remember, or didn't research, how she saved Britain's economy as put forth by Thayer Watkins in the Economics Department at the San Jose State University.
"In 1975 Margaret Thatcher challenged Edward Heath for the leadership of the Conservative Party and won. She did not have the opportunity to take on the Labour Party in a national election until 1979.
The winter of 1978-79, known as the winter of discontent was a difficult time for the Labour government. There had been widespread strikes over many issues, including a proposed government limit of wage increases to five percent. Garbage was not collected and with grave diggers on strike the dead were not buried.
Margaret Thatcher's party called for labor union reforms, less government intervention in the economy, less government spending and lower taxes. The election brought a resounding victory for the Conservative Party. Although she was harshly criticized it seems clear that the judgment of History is that her accomplishments were of heroic proportions. She was a Heroine of the Ages. Notable among her accomplishments were:
The promotion of the neoliberal philosophy of government which has to a large extent replaced the social democratic orientation of government. One could say she created neoliberalism but she clearly relied on the work of Friedrich von Hayek for her inspiration and propagandizing of Keith Joseph to prepare the way.
The restriction of trade union leaders' de jure powers and the breaking of those trade union leaders' de facto power.
The privatization of nationalized enterprises in coal, iron and steel, gas, electricity, water supply, railways, trucking, airlines and telecommunications.
The privatization of public housing.
The reduction of income tax rates.
The institution of monetarist monetary policy with a strong emphasis on controlling inflation.
The restriction of local government spending and the reform of local government finance
The closer integration of the British economy with those of the European Community"
Mark Berent
PS: For another view point check this from UK Politics written two weeks ago: 22076774
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EDITBrian Williams hosts this primetime newsmagazine that aims to cover all things news through a combination of new and old media technologies.
 Brian Williams (II) |
Anchor |
 Meredith Vieira |
Correspondent |
 Natalie Morales |
Correspondent |
 Matt Lauer |
Correspondent |
 Ann Curry |
Correspondent |
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