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Thatchers Last Wish - Another Clunker from the Iron Lady
Forbes ^ | 4/14/13 | Eamonn Fingleton

Posted on 04/14/2013 10:07:25 AM PDT by goodnesswins

The news today is that a group of supporters of Margaret Thatcher are pushing a plan to establish a museum and library as a permanent memorial to her. It is clear that the plan, which would establish a first in British politics, has been long in the making and that it not only had Thatcher’s approval but she herself largely instigated the idea. This is another clunker from the Iron Lady – a final terrible idea from a woman who, pace all current hagiography, will be remembered as one of the worst British political leaders of modern times.

(Excerpt) Read more at forbes.com ...


TOPICS: Constitution/Conservatism; Editorial; Foreign Affairs; Government; United Kingdom
KEYWORDS: eamonnfingleton; margaretthatcher; rememberingthatcher; thatcher; unitedkingdom
Interesting....
1 posted on 04/14/2013 10:07:25 AM PDT by goodnesswins
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To: goodnesswins

Looks like Forbes has gone over to the dark side of leftism/socialism.


2 posted on 04/14/2013 10:15:33 AM PDT by newfreep (Breitbart sent me...)
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To: goodnesswins

Forbes is RIDDLED with LEFTISTS.....FIRE THEM STEVE...it makes YOU LOOK BAD!! Stand up for what’s RIGHT, not what’s “fair and Balanced”.


3 posted on 04/14/2013 10:21:41 AM PDT by Ann Archy (Abortion.....the HUMAN Sacrifice to the god of Convenience.)
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To: goodnesswins

Forbes is the new Newsweek.


4 posted on 04/14/2013 10:25:05 AM PDT by Berlin_Freeper
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To: goodnesswins

Eamonn Fingleton (born 19 August 1948) is an Irish journalist and author. First wife and two children killed in a car crash in 1974 in London. Remarried, and has authored multiple books on Japan this-and-that....

Not the unbiased critiquing skills or rep that I’d expect of a Thatcher-basher.


5 posted on 04/14/2013 10:26:16 AM PDT by Gaffer
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To: Ann Archy

Forbes article about Mrs Thatcher ‘who will be remembered as one of the worst British political leaders of modern times’ reminds me of Churchill’s comment about democracy being the worst system of government except for all the others which have been tried from time to time.


6 posted on 04/14/2013 10:27:04 AM PDT by rjohnb
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To: rjohnb

What a crock of BS. I lived in Europe and did a lot of business in the UK(or tried to) most of the Thatcher years. Without Thatcher and her reforms of unions, finance and govt compnaies the UK would look like Romania before the fall.
When I first went there the unions were in control. Most of their industries looked like 1890’s and the main way the business made money was by buying and selling companies, not products. The unions would have not have completed the ruin without the voters and Thatcher stepping in.
Even without the Falklands war..she was a great leader and should be credited with helping to destroy the evil empire..a great human rights achievement.
If the UK doesn’t want her library..then build it in a remaining free state in the US..like Texas where her Grandchildren live.


7 posted on 04/14/2013 10:38:14 AM PDT by Oldexpat
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To: goodnesswins

Eamonn Fingleton has a single-minded focus on trade surpluses as the primary indicator of economic health. He criticized American trade policy for not being more aggressive with Japan vis-a-vis its protectionist policies, which persist today. Obviously Japan has had two decades of economic stagnation while generating large trade surpluses every single year of those decades. During Thatcher’s reign, the UK’s GDP per capita went from 66% to 77% of US GDP per capita. In that time frame, highly-protectionistic France’s GDP per capita went from 98% to 95% of the US number. Her trade policies have endured and by 2011, the UK’s number was 80% of the US number compared to protectionistic France’s 84%.
http://en.wikipedia.org/wiki/List_of_countries_by_past_and_future_GDP_%28nominal%29_per_capita

Protectionism doesn’t explain why countries are rich. Most countries in the world outside of the English-speaking countries of the West are like Japan - highly protectionistic. The Latin American countries and most of the Third World are even more protectionistic than Japan, but how many of these countries are major export powers or rich?


8 posted on 04/14/2013 10:38:43 AM PDT by Zhang Fei (Let us pray that peace be now restored to the world and that God will preserve it always.)
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To: goodnesswins

I very much approve of Lady Thatcher and it saddens me in knowing that there are those out there who disagree. /s


9 posted on 04/14/2013 10:41:29 AM PDT by davisfh
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To: Ann Archy
Forbes is RIDDLED with LEFTISTS

Fingleton might or might not a leftist, but he's a definitely a mercantilist. He believes imports represent a loss and exports represent a profit. He's always going on about how Japan's two decades of near-zero economic growth don't mean anything - at least it generated trade surpluses and stayed true to its protectionistic policies.

10 posted on 04/14/2013 10:46:50 AM PDT by Zhang Fei (Let us pray that peace be now restored to the world and that God will preserve it always.)
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To: goodnesswins

If he were honest, he'd display a little more about the current accounts deficit, but he's a hack.

11 posted on 04/14/2013 10:53:05 AM PDT by gusopol3
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To: Gaffer

An Irish journalist criticizing an English prime minister.

That’s new?


12 posted on 04/14/2013 10:56:35 AM PDT by elcid1970 ("The Second Amendment is more important than Islam.")
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Freepers, your Contributions make every difference!
Please keep ‘em coming! Thank you all very much!

13 posted on 04/14/2013 11:02:42 AM PDT by RedMDer (May we always be happy and may our enemies always know it. - Sarah Palin, 10-18-2010)
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To: gusopol3
If he were honest, he'd display a little more about the current accounts deficit, but he's a hack.

He's saying that Thatcher lay the foundations of today's British trade deficits, given that her trade policies, as well as her rejection of government subsidies for private industry, are now settled policy whether Labour or Conservative governments are in power.

14 posted on 04/14/2013 11:04:41 AM PDT by Zhang Fei (Let us pray that peace be now restored to the world and that God will preserve it always.)
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To: goodnesswins

Well you know what the say about people named Fingleton.


15 posted on 04/14/2013 11:18:19 AM PDT by ChinaGotTheGoodsOnClinton (Go Egypt on 0bama)
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To: Ann Archy

“Forbes is RIDDLED with LEFTISTS.....FIRE THEM STEVE...it makes YOU LOOK BAD!! Stand up for what’s RIGHT, not what’s “fair and Balanced”.

I had to give up my subscription about eight years ago.

My favorite reading used to be Business Week, Forbes, and Fortune. Business week was the first to go. In my mailbox now, only Fortune remains, and it is sometimes hanging on by a thread.


16 posted on 04/14/2013 11:19:53 AM PDT by I cannot think of a name
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To: ChinaGotTheGoodsOnClinton

HAHAHAHA


17 posted on 04/14/2013 11:22:39 AM PDT by goodnesswins (R.I.P. Doherty, Smith, Stevens, Woods.)
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To: Oldexpat
“then build it in a remaining free state in the US..like Texas where her Grandchildren live.”

Or in Hillsdale, Michigan where the only statue in the USA of Thatcher stands on the grounds of Hillsdale College.

http://www.nationalreview.com/corner/345070/thatcher-hillsdale-part-2-john-j-miller

18 posted on 04/14/2013 11:29:26 AM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: Oldexpat

If Thatcher had not won 10 Downing Street, Arthur Scargill had his plan to turn Britain communist.


19 posted on 04/14/2013 11:31:22 AM PDT by Fred Hayek (The Democratic Party is now the operational arm of the CPUSA)
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To: goodnesswins

And people still think of Forbes as Conservative.. egad


20 posted on 04/14/2013 11:36:44 AM PDT by SeminoleCounty (GOP - Greenlighting Obama's Programs)
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To: goodnesswins; mickie; flaglady47
The last thing that the Brit socialists, commies, leftists, radicals, marxists, Labourites, muzzie-importers and union thugs want is a Thatcher memorial library/learning center where the populace can have access to educational materials, audios and visuals on the free enterprise system and the principles and tenets of cultural and economic liberty.

The Occupy Picadilly Circus crowd will probably try to burn down the proposed edifice the first week it opens.

Leni

21 posted on 04/14/2013 11:39:16 AM PDT by MinuteGal
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To: goodnesswins

Fingleton? Is that like a gay Singleton?


22 posted on 04/14/2013 11:46:23 AM PDT by Hardraade (http://junipersec.wordpress.com (Vendetta))
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To: goodnesswins

I guess this is what happens when a magazine is run by the son of a homo.


23 posted on 04/14/2013 11:51:42 AM PDT by PAR35
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To: goodnesswins

Too bad they couldn’t put it on Reagan’s ranch, or at least near President Reagan’s museum/library.


24 posted on 04/14/2013 11:53:59 AM PDT by madison10
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To: Berlin_Freeper
We all know how well that worked out:


25 posted on 04/14/2013 12:01:10 PM PDT by carriage_hill (The most insidious power the news media has, is the power to ignore.)
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To: Oldexpat

A Friggen-men!!!


26 posted on 04/14/2013 12:02:56 PM PDT by navymom1
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To: goodnesswins
Fingleton is something of a crank. His 1995 book, Blindside: Why Japan Is Still on Track to Overtake the U.S. by the Year 2000 has so far turned out to be laughably untrue (though China may overtake us soon if it hasn't already). Why would you make a prediction like that when Japan was already in economic trouble and set it only 5 years in the future?

On the other hand, he's right to be concerned about industrial decline in the West. He gives Thatcher credit for getting the unions under control, but blames her for promoting a "post-industrial" future of financial services and information technology to the detriment of hard industry. He does have a point there, and one that deserves to be made, though singling out Thatcher for blame is a cheap shot.

I'm pretty sure that he's wrong about museums to former prime ministers. I'm pretty sure you can visit some of the houses they lived in -- and some are impressive. There are no American-style "Presidential libraries" but it would be wrong to say that Britain hasn't memorialized Wellington, Disraeli, Palmerston, Lloyd George, or Churchill.

As a journalist from Britain (or Ireland) Fingleton has a lot of excess bile and resentment. That probably keeps him going. He's not very accurate and certainly does give offense to a lot of people, but I guess it sells papers over there.

27 posted on 04/14/2013 12:03:36 PM PDT by x
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To: goodnesswins

My Aunt, who lives in England, has been a staunch Unionist for much of her life. She commented to me a number of years back that while she did not like Maggie she credited her with saving England from becoming a third world economy. She also said don’t let Muslims into your country!

Mel


28 posted on 04/14/2013 12:21:26 PM PDT by melsec (Once a Jolly Swagman camped by a Billabong....)
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To: goodnesswins

Redcoat socialists absolutely hated Thatcher, and still do now that she’s gone.

Add yet another reason to honor her.


29 posted on 04/14/2013 12:31:11 PM PDT by RobO1125 (Freedom:Socialism::Oil:Water)
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To: goodnesswins

Wow.

WHo would publish this screed?


30 posted on 04/14/2013 12:33:06 PM PDT by GeronL (http://asspos.blogspot.com)
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To: melsec

WOW....your Aunt at least has had her eyes open!


31 posted on 04/14/2013 2:23:51 PM PDT by goodnesswins (R.I.P. Doherty, Smith, Stevens, Woods.)
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To: madison10

Good idea....Reagan Ranch should add a “Thatcher Wing”


32 posted on 04/14/2013 2:35:46 PM PDT by goodnesswins (R.I.P. Doherty, Smith, Stevens, Woods.)
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To: goodnesswins

He makes many good points here.


33 posted on 04/14/2013 2:40:34 PM PDT by dennisw (too much of a good thing is a bad thing - Joe Pine)
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To: goodnesswins

He makes many good points here.


34 posted on 04/14/2013 2:43:49 PM PDT by dennisw (too much of a good thing is a bad thing - Joe Pine)
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To: Zhang Fei
Protectionism aka mercantilism works in many times and many places. America was once a mercantilist protectionist nation and we grew. We kept out cheap British exports and tarrifs were the main source of Federal revenue before the Income Tax of 1913 . The current winners from such policies are China, Japan, Korea, Taiwan. Their climb up the tech& industrial ladder was facilitated by America being wide open to their exports and thus allowing American industries to be decimated. Japan would never allow such policies in a million years nor would China. Latin America is too undisciplined to make such policies work. But disciplined intelligent nations can make a go of it.

Japan is a very wealthy place. Other nations would love to have this alleged stagnation...which is 99% hype and ridiculous

35 posted on 04/14/2013 2:53:52 PM PDT by dennisw (too much of a good thing is a bad thing - Joe Pine)
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To: goodnesswins

Funnily enough though she still is a lefty on Social issues.

Mel


36 posted on 04/14/2013 3:30:45 PM PDT by melsec (Once a Jolly Swagman camped by a Billabong....)
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To: goodnesswins

Eamonn, you ignorant slut.


37 posted on 04/14/2013 4:01:10 PM PDT by fieldmarshaldj (Resist We Much)
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To: goodnesswins
An article about Maggie Thatcher written by an Irishman is no way to get to the truth. The Irish separatists hated Thatcher because she held the line against Irish terror. Forbes is delinquent in their duty by publishing this partisan hack as if he were no more than an objective observer.
38 posted on 04/14/2013 7:06:48 PM PDT by hinckley buzzard
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