Professor Mark J. Perry's Blog for Economics and Finance
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Get some Lady Thatcher!"The problem with socialism is that you eventuallyrun out of other people’s money"...
Maggie Thatcher, ROCKS!!
...and 20 years later, it is more socialist and even less British. The only long-term success she managed to do is to give a good reason to do it - fighting their own in the name of killing off labor unions. What it proved is that they could disregard their own and have no consequence to pay for it. She made a Faustian deal, and this is the price the region paid.
Britain was racked by strikes and socialism was ascendant. Lady Thatcher reversed the trend and bought time. If there has been backsliding it has not gotten close to the situation of the 70's. Her words remain true.
Britain was racked by strikes and socialism was ascendant. Ms. Thatcher reversed the trend and bought time. If there has been backsliding it has not gotten close to the situation of the 70's. It's worse - knowing that it's OK to not be/employ the legitimate citizens/subjects in that country.That person deserves no formal title or peerage to be recognized.
lady thatcher has dead on. socialism is just all being poor together.
Ms. thatcher has dead on. socialism is just all being poor together.The problem is that she didn't get rid of it. She just made one particular group less powerful, but didn't change the direction. She's not worth the title.
Lady Thatcher is wonderful. It's so great to see her deal with the whiners.
"...and 20 years later, it is more socialist and even less British"...Well sethstorm once you get a grip on reality you'll realize you can't blame Lady Thatcher for the brazen STUPIDITY of others...
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Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan.
Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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