Thatcher: ‘Without economic liberty, there could be no true political liberty’

Everyone is writing about the death of former British Prime Minister Margaret Thatcher, so I will merely point you to an important section of a story from The Wall Street Journal:

“Mrs. Thatcher took power following Britain’s ‘winter of discontent’ of 1978-1979, in which nationwide strikes over pay by public-sector workers from gravediggers to garbage men brought an economy that had for years been growing at half the rate of its peers close to a standstill. In her first two years as prime minister, the nation’s economy shrank and unemployment rose by a million, hovering at three million until the mid-1980s. There was widespread rioting in inner cities as both these conditions and racial tensions fermented dissent.

Thatcher dies.

“Mrs. Thatcher responded with radical reforms, shaped by the ideas of free-market economists Friedrich Hayek and Milton Friedman on minimizing government control and allowing markets free rein in deciding the shape of the economy. ‘Without economic liberty, there could be no true political liberty,’ she told European leaders in 1979.

“She took on Britain’s then-powerful labor unions and whittled the size of the state through sweeping privatizations and the closure of unprofitable state-owned enterprises, from coal mines to steel plants. The resulting long showdown between striking coal miners and Mrs. Thatcher split the country.”

Keep this in mind as the U.S. nationalizes banking, health care, oil and gas, renewable energy and the automotive industry.

Once the health care industry is destroyed, there may be no way to save it, because, unlike banks and the steel companies in Britain, no one will want to buy it, just as occurred in Britain.

Thatcher reportedly wanted to privatize the National Health Service, no one was willing  to buy the NHS hospitals and it would’ve created short-term pain and long-term political fodder for Labour. Instead, the Conservatives tried to slowly reintroduce private business practices.

13 comments on “Thatcher: ‘Without economic liberty, there could be no true political liberty’

  1. nyp10025 says:

    “There is no such thing as society”
    Margaret Thatcher

  2. The full quote:

    ‘I think we have gone through a period when too many children and people have been given to understand “I have a problem, it is the Government’s job to cope with it!” or “I have a problem, I will go and get a grant to cope with it!” “I am homeless, the Government must house me!” and so they are casting their problems on society and who is society? There is no such thing! There are individual men and women and there are families and no government can do anything except through people and people look to themselves first… There is no such thing as society. There is living tapestry of men and women and people and the beauty of that tapestry and the quality of our lives will depend upon how much each of us is prepared to take responsibility for ourselves and each of us prepared to turn round and help by our own efforts those who are unfortunate.’

  3. nyp10025 says:

    You left some stuff out, but you got it mostly right.

  4. Vernon Clayson says:

    She was a great lady and world leader that spoke in terms that even her critics understood. Our president Reagan found an equal in intellect and conservative thought, there’s no such thing today, from all appearances the world believes our current president Obama, lacks authenticity and leadership ability, that’s the world outside of Washington DC, of course. Thatcher and Reagan spoke solemnly to the USSR and it’s leader, Gorbachev, while our heroic Obama, pushes little North Korea and its munchkin dictator, Kim il-Sung, in our face as a grave danger without personally contacting him. That bizarre basketball has-been, Dennis Rodman, could be an intermediary and introduce the two piss pot dictators, Obama and il-Sung, to each other.

  5. Steve says:

    Tom left some stuff out?

    Compared to Nyp, Tom wrote a novel.

    RIP Prime Minister.

  6. Vernon Clayson says:

    hyp finds fault just to find fault, he would find fault either way if one of us either praised her criticized Mother Teresa, but that wouldn’t be so if we criticized Hillary Clinton, Michelle Obama or other ugly, and ugly spirited, females associated with liberal politics.

  7. Nyp says:

    ” … ugly spirited, females associated with liberal politics”

    I thank Mr. Clayson for once again expressing the modern conservative attitude towards women so plainly and honestly.

  8. Steve says:

    I have met absolutely beautiful women who , after I spent a few minutes in conversation, became quite ugly in my view. Skin deep means something to conservatives, I would hope you liberals have not forgotten to live by that.

  9. Vernon Clayson says:

    nyp, the women I mentioned are hard, bitter, and demanding. I wasn’t speaking of all women, who even thinks of them as feminine in any attribute? They could all take a lesson from Condoleezza Rice, and the late Margaret Thatcher, they were tougher than nails but carried off being dignified ladies.

  10. Nyp says:

    Please keep it up Mr. Clayson. We are learning so much about how conservatives really think about women.

  11. Wendy Ellis says:

    Lady Margaret Thatcher lived her principles, loved her country, and displayed consistent leadership. She didn’t adjust her position, depending on fashionable issues, or special interest voting blocs. President Ronald Reagan always made me proud to be an American. Both of them communicated a natural optimism, and belief in the achievement of the people and nations they led. These are the leaders who made the biggest impression on me, during my lifetime. They had character, and the ability to encourage others.

    Their brand of leadership is missing, and there is now a gaping hole where it once was. Our whole world is diminished without it. It will continue to deteriorate, until others with virtue emerge to fill that hole. There are plenty of evil fanatics who are eager to fill the void, and inspire hordes of fanatical followers. It has happened before, and is happening now.

    I am deeply saddened by the passing of Margaret Thatcher.

  12. Steve says:

    Apparently Nyp and his peeps have forgotten their principles.

  13. Rincon says:

    Margaret Thatcher served her country well and helped wean Britain from an excess of socialism. Reagan also served his country well, and brought back the fashionability of patriotism, but has left us with a few legacies that we would rather not have:

    The rise of the budget deficit began in a big way during the Reagan administration and the government grew tremendously under his policies. The deficit tripled under his watch.

    He supplied arms to both Iran and the Taliban. Perhaps not foreseeable, but it has not turned out well.

    The Great Divergance (see the article about it in Wikipedia) began in his administration. His policies certainly contributed to it. According to Conservatives, this is a good thing. Liberals disagre.

    He also gave amnesty to 3 million illegal immigrants. According to Liberals, this is a good thing Conservatives disagree.

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