Margaret Thatcher photo from Wikipedia |
The Economist
starts its piece on her this week with this truth: “Only a
handful of peacetime politicians can claim to have changed the world. Margaret
Thatcher was one.”
When she was voted into Britain’s most powerful position in
1979, that country’s top tax rate was 98%, which had put the brakes on job
creation. She drastically cut income and corporate taxes, while simultaneously
cutting government spending—from 44.6 per cent of GDP in 1979 to 39.4 per cent
of GDP in 1991. (Our economy works best when government spending is held well below
20%; Obama likes it at 25%. So you can see Britain was in bad straits.) She
led Britain from a declining country, with ever lower standard of living
compared to the rest of Europe, to an economy growing at 3% per year throughout
her decade-plus. In fact, for two decades (good decades for the US), Britain’s
standard of living rise exceeded the US, Japan, Germany, France, and Italy.
She came at a time when the country was in the throes of
union-induced misery. The unions had a stranglehold on politics, politicians,
and private enterprise. It took an iron will to stand up against them. She did
it with good grace and humor—very much like her US counterpart of history,
Ronald Reagan.
Like Reagan, she was highly quotable. One of the famous ones
is, “The problem with socialism is that you eventually run out of other people’s
money.”
I love this two-minute clip of her standing up against socialism in parliament:
Here are a few more favorite quotes:
To those waiting with bated breath for
that favorite media catchphrase, the U-turn, I have only one thing to say: “You
turn if you want to. The lady's not for turning.” [at Conservative Party
Conference 1980]
[on whether to have UK join Europe in a common currency]: No,
no, no.
Ronnie [Ronald Reagan] and I got to
know each other at a time when we were both in Opposition, and when a good many
people intended to keep us there. They failed, and the conservative 1980s were
the result. But in a certain sense, we remained an opposition, we were never
the establishment. As Ron once put it: the nine most dangerous words in the
English language are “I'm from the government, and I'm here to help.” As usual,
he was right.
Disciplining yourself to do what you know is right and
important, although difficult,
is the highroad to pride, self-esteem, and personal
satisfaction.
I always cheer up immensely if an
attack is particularly wounding because I think, well, if they attack one
personally, it means they have not a single political argument left.
Any woman who understands the problems of running a home
will be
nearer to understanding the problems of running a country.
Europe was created by
history. America was created by philosophy.
There
is no such thing as society: there are individual men and women,
and
there are families.
I just owe almost everything to my
father and it's passionately interesting for me that the things that I learned
in a small town, in a very modest home, are just the things that I believe have
won the election.
You may have to fight
a battle more than once to win it.
A good source for pages more of her gems is BrainyQuote.
For a larger taste, I suggest a speech she gave here in
the US, at Hillsdale College in November 1994, on “The Moral Foundations of Society.” I think I would like to make her an
honorary member of the Spherical Model think tank. She
understood the basic
truths.
Statue of Margaret Thatcher at Hillsdale College Photo from Hillsdale email newsletter 4-8-2013 |
Here’s an observation that concerns me as I reflect this
week. Decades of southern hemisphere practices (on the Spherical Model) build
up problems, piling them into mountains. A leader who understands freedom, free
enterprise, and civilization comes along every once in a generation, and turns
things in the right direction. Evidence accumulates to prove that the
principles our Constitution writers recognized are true, that they lead to
thriving in every sphere. Nevertheless, as soon as the heroic leader no longer
holds the world on his/her shoulders, the enemy slides back into their previous
positions, as though trying to erase the good times, denying they happened. And
problems mount again.
How do we get a critical mass of heroes to overcome the
ubiquitous tyrannists? We need more Margaret Thatchers. We need more Ronald
Reagans. We need them in leadership positions. But we also need many more smaller
heroes, regular people whose voices may not carry as far, but who recognize
truth and stand up for it—we need those heroes to prevent us from sinking ever
downward.
I have answers about what the necessary principles are; many
of us do. I don’t have answers about how to get the word out on what the
principles are. I just try to be one of the quieter but needed voices.
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