Tag Archives: Thatcher
February 19, 2014Posted by on
We all have a notional idea of what money is, ideas that may not extend beyond its existence as the pound in our pocket. We certainly understand the purchasing power of any monies we may have. It would seem that any notion of money only becomes complicated when we talk to economists; who are clearly divided in their views of what money is and what form it should take. An economist would want to us to be more precise about our idea of what money is. Read more of this post
October 2, 2013Posted by on
I am not an economist or financial advisor, nor do I claim to write with any ‘personal professional authority’. However, I do write on economics and financial issues gleaned from – and linked to – professional sources. Writings which, perhaps, I should post as Cassandra – a metaphor for cases of valid alarms that are disbelieved. Read more of this post
January 2, 2013Posted by on
‘I shall never cease to admire her courage and determination. – But at the end of it, she was a great and noble failure, who forgot or ignored half of what she really needed to do, and so lived to see almost all her successes negated. And until conservatives in Britain and America are ready to recognize that, they too will fail, over and over again’.
Abridged here from a commentary with the title Anatomy of Thatcherism that first appeared in 2009 at the Project Syndicate and written by Robert Skidelsky, he would seem to support Hitchens’ view of Margaret Thatcher. Clearly a Keynesian, Skidelsky sees Thatcherism as the outcome of Thatcher/Reagan economics.
‘The Thatcher revolution inspired policies to free markets from government interference. Many people attribute the global crisis to these very ideas, the Anglo-American model of capitalism is deemed to have failed. The following hindsights are judgement on which elements of the Thatcher revolution should be preserved, and which should be amended as a result of global economic downturn’. Read more of this post
December 12, 2012Posted by on
In the introduction to her autobiography The Downing Street Years – abridged here – Margaret Thatcher indicts Socialism for its failure to be efficacious. Writing that successive post war Labour Governments began a sustained attempt of a centralizing, managerial, bureaucratic, interventionist style of government. Read more of this post
July 14, 2012Posted by on
The history of Britain in the last thirty years, under both Conservative and Labour governments, has been dominated by one figure – Margaret Thatcher. Her election marked a decisive break with the past and her premiership transformed not just her country, but the nature of democratic leadership. When Thatcher came to power in 1979, she inherited the Britain of the three-day week, the Winter of Discontent, and the Sick Man of Europe. Read more of this post
July 7, 2012Posted by on
I would hesitate to describe myself as pragmatic during my time spent in the Civil Service. In its archaic use (pragmatic – active in an officious or meddlesome way) it fits too well with my perception of the Civil Service. I would often describe myself to my colleagues as a ‘Socialist Thatcherite’. My early childhood during WWII made me ‘a socialist sympathiser’ and in this I would admit to a philosophy of pragmatism. While ‘Socialist Thatcherite’ fits well into the category of an oxymoron, my colleagues, who for the most part were Tory supporters (in varying degrees) could well be described as ‘Thatcherite Socialists’. They were quite happy for the reforms advocated by Thatcher to be implemented elsewhere, but not in the Civil Service sector served by them. Public money was perceived as being a horn of plenty but they soon found out that Thatcher was no Abundantia. She in turn was to find out that the Civil Service was conservative only with a small ‘c’. Read more of this post