You had to be there to grasp the scale of Margaret Thatcher's revolution

[Peoplesoft bloke]

Mrs T had the audacity to change the economic landscape in the country and for that we should be grateful. It strikes me that NuLab have cocked up by interfering in capitalism - for example, capitalism suggests that RBS, Northern Rock, HBoS, B&B and A&L should have been allowed to fail rather than being propped up by the government.

Hmmm I wonder what Mrs T would have done - after all, she did bail out a failing bank by nationalising iyt.

[Incognito]

You could say the collapse of the banking system was more down to Brown's tripartite regulatory system that couldn't regulate a piss up in a brewery.

[Lockhouse]

Love her or hate her she had conviction. Something sadly lacking today.

[AlfredJPruffock]

You could say the collapse of the banking system was more down to Brown's tripartite regulatory system that couldn't regulate a piss up in a brewery.

CDS and Derivatives were never an NL creation - if you want to blame a goverment then it was the Democrats in the US under Clinton who 'de-regulated' the financial market a few years ago that led to this.

Much of the regulation they swept aside was there to prevent a 30s type recession.

[expat]

CDS and Derivatives were never an NL creation - if you want to blame a goverment then it was the Democrats in the US under Clinton who 'de-regulated' the financial market a few years ago that led to this.

Much of the regulation they swept aside was there to prevent a 30s type recession.

Quite so.

I bet gordon Brown wishes he had half the power attributed to him by some of his critics on here!

[Cyberman]

Love her or hate her she had conviction. Something sadly lacking today.

Not only did she have conviction, but she transformed our economy from the 'sick man of Europe' into one of the best in Europe. Labour under Blair and Brown have reset the economy of the UK from massive growth of the 90s back to the dire days of 1979. It really is a very sad situation and was entirely predictable.

[sasguru]

Not only did she have conviction, but she transformed our economy from the 'sick man of Europe' into one of the best in Europe.

She did did she? And what was this economy based on?

[expat]

She did did she? And what was this economy based on?

Clever innovative bankers who were the envy of the world until Brown and NL made them fail.

HTH
Cybertroll

[AlfredJPruffock]

Not only did she have conviction, but she transformed our economy from the 'sick man of Europe' into one of the best in Europe. Labour under Blair and Brown have reset the economy of the UK from massive growth of the 90s back to the dire days of 1979. It really is a very sad situation and was entirely predictable.

So the Tories would have opposed a de-regulated Financial Sector ?

They dont have an industrial base to generate wealth as Thatcher chose to sacrifice our industries on the alter of City Capitalism - that led to a boom more concentrated in London - if you didnt live in London - chacnes were - you were on the dole - or armed services ir maye a job in Bournemouth as a dishwasher.



Greed is good and all that jazz.

As for so called conviction politicans - Im sick of them - Hitler was a 'conviction' politican- look where that led to.

dont follow leaders
and watch the parking meters

[Cyberman]

So the Tories would have opposed a de-regulated Financial Sector ?

They dont have an industrial base to generate wealth as Thatcher chose to sacrifice our industries on the alter of City Capitalism - that led to a growth , or boom more like concentrated in London - if you didnt live in London - you were on the dole - or armed services ir maye a job in Bournemouth as a dishwasher.



Greed is good and all that jazz.

As for so called conviction politicans - Im sick of them - Hitler was a 'conviction' politican- look where that led to.

dont follow leaders
and watch the parking meters

The fact is that she turned the economy around, and that has to be applauded, unless of course you prefer to live in a high tax, high benefits, low productivity and destitute country that we are now returning to.