And she did somewhat replace the lost industries.. she stood up against the old boys network in the City of London and opened up the financial sector to external forces, and that basically created what we see as the City of London today and is was in fact responsible for the current conditions and what lead up to the financial crisis. Yes it was far from all her fault, but she did lay the ground work. She also created other industries by opening up the closed UK business society.. Vodafone for example, would never have existed if it was not for Maggie Thatcher. Granted even on this front she was also forced, by the EEC, who at its core had a plan of opening up markets across the EEC. So we will never really know if she actually wanted to do it or was just following the flow in Europe at the time.
This has resulted in the UK going from a failing industrial base based on government subsidies to a total dependence on a massive financial sector... not exactly a good thing when considering what happened to Cyprus and Iceland.
The simple fact is that Thatcher is far more popular in the United States than she is in the United Kingdom. Sort of like a reverse Barack Obama.
Thatcher was a polarizing influence on British politics, and in some parts of the UK - such as Scotland, Wales, and Northern England - there are more who revile her than revere her. That's another simple fact. Unemployment in those areas is still worse than in southern and central England.
And it should be remembered that it wasn't the left who ultimately got her out of office. It was her own party with an internal coup.
Last edited by Wiggen; 04-08-13 at 02:49 PM.
"Groups with guitars are on the way out, Mr. Epstein"
Dick Rowe, A & R man
I am noticing that the hard core libs, and progressives seem to hate her, which in my mind means she must have done something right.
Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.
Alexis de Tocqueville