bluethrunthru
Well-Known Member
She took assertive action on situations that had been swerved for years by weak politicians and limp-wristed managers. She took on tin-pot militants like Scargill on her own ground and reversed the millions of man hours lost every year to petty disputes. Yes, she was instrumental in closing down lame duck industries but this prepared the ground for radical new thinking: namely that industry and commerce actually needed to be competitive and customer responsive. These truths are taken for granted now. In her day they were heresy.
She fought vested interests and caused short term pain, which is why some hate her. In so doing, she jolted attitudes into the 20th century. That was the catalyst for a relatively prosperous Britain that was otherwise heading down the pan.
she closed down manufacturing in the North. She squandered our oil wealth on supporting the 3m plus unemployed she created ( unlike Norway and look where they are now ) .She proclaimed there was no such thing as society and brought in the me, me, me culture that still pervades today and whilst closing the mines, manufacturing and a traditional Britain that a lot of people now want back. She caused pain because her strategy was to close down ailing industries with no fucking plan on how to replace the job losses that caused and she took no account of the fact that her policies did nothing to address the fundamental failings in UK industry.
Why were we uncompetitive? Mostly because there was a lack of investment by the owners of those businesses to improve productivity. BL cars were shit because of the unions and not because up until the 1990's most relied on the A series engine developed in the late 1940's? Nobody invested. Those in "the City" did well out of things like the big bang but that money leeched out indirectly off shore and directly to Porche and BMW. Why? Because BL was shit and hadn't been invested in.
Her ideas continue to cause pain to this day - productivity in the UK is piss poor compared with EU competitors like Germany and France and the rest of the world laugh at our income inequality and the resultant poor investment levels in industry and poor productivity for such a large economy. Thats why they come and snaffle our rail and utility companies and cream off our money in subsidies - and who was in power when that privatisation bonanza was going on eh?