Much rubbish has been said of Thatcher in the last week. We’re told that her deregulation of the City (which broke the old boy network and let in the barrow boys) ushered in an era of greed and was the cause of the great crash. Let’s spell it out so even Robert Peston can understand. The crash was the result of the preceding credit boom. Credit booms are the result of governments pumping too much money into the economy – which Thatcher was adamantly against. She knew why politicians like doing it: phony booms make them look good and it’s a way of stealing money from savers without the saps even noticing. Thatcher also knew the terrible consequence: pumping money in lowers interest rates, encouraging debt and discouraging saving. If only Thatcher had privatised currency too, to prevent politicians abusing their monopolistic control of it!
We’re also told that Thatcher damaged manufacturing. Again, let’s set the record straight. Manufacturing does well when it makes a good profit. Higher taxes mean lower profits. It is the burden of supporting Britain’s obese public sector (now roughly the same size as our private sector) which is crushing the life out of capitalism (manufacturing included).The leftards are as profligate in their hatred of Thatcher's legacy as they are in their hatred of individual freedom, preferring as they do the bowing of the knee to the collective and therefore statist authority.
Oh how they hated the gains she made and the many ordinary 'working class' people she helped...this was their 'turf' this was their collective hive-mind until Maggie came along and reached into their hearts and minds. She represented the true 'working-class', the true spirit of hard work and aspiration that so many knew instinctively was their ticket out of the collective misery of the statist ideologues.
How the thugs hated her, just witness the macabre dancing and drinking on her grave. But it is in reality a measly few sad souls who are documented on the news and so many of them are children in captivity to the misplaced hatred of their forebears, just look at the ages...most were not even born when Maggie ruled. Pathetic!
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