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How Margaret Thatcher turned around Great Britain, in one chart
AEI ^ | 04/08/2013 | James Pethokoukis

Posted on 04/08/2013 11:01:29 AM PDT by SeekAndFind

Credit: Time

Credit: Time

“My job is to stop Britain going red.” – Margaret Thatcher, Nov. 3, 1977.

But the former UK prime minister, who died today, did far more than that. The Iron Lady reversed decades of statist policies that had turned Britain into the sick man of Europe. And in the process, Thatcherism provided inspiration for the burgeoning free-market revolution in America, as well. She privatized. She cut taxes. She busted unions. As economist Scott Sumner has noted, “Britain had lagged other European economies for decades, growing far more slowly than most economies on the continent. Thatcher’s reforms were among the most comprehensive in the world.”

Just compare the real per-person GDP performance of the UK economy versus the French economy. One nation in 1979 started to again embrace markets, the other did not. Brits went from being 10% poorer than Frenchmen to being 10% richer. The lady was not for turning, but thanks in great part to her policies and determination, the economic fate of the UK and the West was.

Thank you, Margaret Thatcher!


TOPICS: Business/Economy; Constitution/Conservatism; Culture/Society; United Kingdom
KEYWORDS: britain; margaretthatcher; rememberingthatcher; thatcher; uk; unitedkingdom

1 posted on 04/08/2013 11:01:30 AM PDT by SeekAndFind
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To: SeekAndFind

Please, please, Great Britain - find an excuse to exclude our miserable piece of excrement president from attending the services for Lady Thatcher.

Give the White House one address, and have the ceremonies at another. They are that stupid and will not catch on for weeks.

The Obamadork is slime.

Keep him out!

2 posted on 04/08/2013 11:09:36 AM PDT by Da Coyote
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To: SeekAndFind

Britain had a Luddite Economy following WW II. I was at ATEX when we converted Fleet Street. The typesetters were using inlaid type and hammers on spools. They were one step above the Guttenberg Press. They would have killed us in the pubs if they found out what we were doing at the Wapping plant.

3 posted on 04/08/2013 11:11:40 AM PDT by massgopguy (I owe everything to George Bailey)
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To: Da Coyote
dollars to donuts says he does not attend, but will send someone else as a "representative". Besides, he hates the British Start at 4:50
4 posted on 04/08/2013 11:26:56 AM PDT by Michael.SF. (Obama lied, Stevens died.)
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To: Michael.SF.

Biden is the clown who will go as VPOTUS it’s his major function.

5 posted on 04/08/2013 12:09:55 PM PDT by Kozak (The Republic is dead. I do not owe what we have any loyalty, wealth or sympathy.)
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To: SeekAndFind

I was listening to Rush Limbaugh for a bit today as he played several audio clips of the Iron Lady from back in the day. Brought a smile to my fave as I listened to her put down her counterparts in Parliament, defending Capitalism while shredding Socialism, unapologetically.

She had TRUE natural leadership traits, something that is sorely missing today.

Smiling in remembrance, God Speed Lady Thatcher, God speed.

6 posted on 04/08/2013 12:19:25 PM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: SeekAndFind


7 posted on 04/08/2013 2:37:32 PM PDT by Sergio (An object at rest cannot be stopped! - The Evil Midnight Bomber What Bombs at Midnight)
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To: massgopguy

Yet many of the great 20thC and postwar technological advances were British.

8 posted on 04/08/2013 4:25:45 PM PDT by the scotsman (i)
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To: the scotsman

We invented them, but other people developed them and got the benefit from them.

9 posted on 04/11/2013 4:01:48 AM PDT by Vanders9
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To: Vanders9

True, we have a habit of inventing them, yet not fulfilling their sales potential.

10 posted on 04/11/2013 9:05:38 AM PDT by the scotsman (i)
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