“We are all Thatcherites now”

Fareed Zakaria gives an overview of how the recently-deceased Margaret Thatcher changed the world’s economies:

Consider the world in 1979, when Thatcher came to power. The average Briton’s life was a series of interactions with government: Telephone, gas, electricity and water service, ports, trains and airlines were all owned and run by the state, as were steel companies and even Jaguar and Rolls-Royce. In almost all cases, this led to inefficiency and sclerosis. It took months to get a home telephone line installed. Marginal tax rates were ferociously high, reaching up to 83 percent. [Read more...]

Death of the Iron Lady

Margaret Thatcher, the only female Prime Minister of Great Britain, who held office from 1979 to 1990, died yesterday of a stroke at age 87.  Mrs. Thatcher was the British equivalent of Ronald Reagan, with whom she worked closely, standing up to the Soviet Union and challenging the welfare state with free enterprise policies that led to an era of prosperity.

To honor her memory, to learn about her contributions, and to treat yourself to an interesting movie with a stunning performance by Meryl Streep, watch Iron Lady.  (OK, it got mixed reviews and annoyed some conservatives, but I enjoyed it, and it won Streep a much-deserved Oscar for Best Actress.)

After the jump:  Margaret Thatcher quotes. [Read more...]


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