Published by Daily Mail
It was right to privatise British Rail, Coal, Gas, Petroleum, Steel, Telecom, Airways and Shipbuilders, along with Electricity, Cable & Wireless, Britoil, Jaguar and Rolls Royce. Removing these moribund monoliths from public ownership injected some free-market discipline and Hayekian economic stimulation into the industrial sclerosis which had bedevilled the country throughout the 1970s.
Denastionalisation led to a transformation of industrial working culture and unimaginable efficiencies in productivity. Thatcherism was the people’s capitalism, and The Lady was to be greatly admired. Continue reading