Thatcherism

On paper Thatcher sounds like a hero but apply her ideology over 45 years of real time and your see that all she created was wealth for the top 10% and misery everyone else.

Neo-Liberalism and Neo-Conservatism has created a huge wealth gap between the rich and poor since 1970.

The idea that the rich will invest their money and create new business is a load of rubbish.

There are very few tycoons out there like Richard Branson. The majority of rich people simply use credit like everyone else.

The rich don't create much business as you may think.

Those who do create a lot of new business are the middle classes but unlike the rich they spend 99% of their income in the mainstream economy. The difference being the rich do not. The rich tend to spend about 5% of their wealth in the mainstream economy and a further 15% in the luxury economy. The remaining 80% is put in the bank or used for speculative wealth gain.

So trickle down economics does not work. The low tax system is just a way to siphon wealth from the poorest to the richest.

Thatcherism isn't just responsible for the trickle down fallacy but is also responsible for the complete dilution of public housing, utilities and services.

The thought that privatisation would decrease the costs of the needs of a household is a fallacy. In fact household needs have got more expensive year on year since 1970.

And this brings me to the dilution of our manufacturing sector which Thatcher is also responsible for. Unlike Germany who allowed their manufacturing workers to receive half dole money and half wages during the bad times we decided to lay all our manufacturing workers off. British Engineers are now a thing of the past and they are so rare that they get offered jobs outside of the UK. This has left our nation with little to nothing in the Engineering sector.

I think the only people who can truly respect and admire Thatcher are enter-pruners since she put in place the conditions to allow the exploitation of the poor in de-industrialised areas.

Thatcherism has had 45 years to try and fix Northern England and its unsuccessful.

No-one really explains why they hate her. Oh she closed mines? Right because they were so successful and weren't closing already ...

Oh the miners became jobless? Yeah I remember when my town's economy was all in one basket and there was one type of job ...

Thank you for taking the time out to write this I take it you're not very fond of her. Yes I've heard many people talk about how the trickle down affect is in fact a myth and there is no doubt privilege buys more privilege.

Except it created a huge shortage of houses and a 5 million person waiting list.
But yeah, one of the greatest policies wasn't it.
Mind you, when you think Thatcher was a man, it's no surprise you have such daft views.

Hi

From my perspective, over 1,000,000 council tenants owning their own home for the first time within 8 years of the policy being introduced was a pretty great achievement (especially considering how much bashing she gets from the left). Plus why would it still be in existence today if it wasn't a success?

We now live a country in which home ownership and having assets is encouraged, this is also economically beneficial in reference to equity release.

But you seem like a person I will never be able to cooperate nor want to associate with so let's just agree to disagree.

Millions of people were employed in this area of work

Thank you for taking the time out to write this I take it you're not very fond of her. Yes I've heard many people talk about how the trickle down affect is in fact a myth and there is no doubt privilege buys more privilege.

So everything in existence today is a success? Brutal dictatorships? The death penalty in the USA? The tax avoidance loopholes?

Something merely being in existence does not make it a success.

I don't call a policy which led to the biggest housing shortage ever a success, even adopting the most generous and broadest definition of the term 'success'

OK you're definitely a lefty

It's funny that you mention the death penalty as I'm in favor of capital punishment

All my opinion of course, you clearly cannot seem to handle that concept...but I welcome you're challenge.

Let me guess, you attend a private or top sixth form/college?

You can either pull the carpet underneath the workforce in 1 pull or you can gently remove it. Thatcher destroyed the whole north in 1 big pull.

How can any group of workers reinvent themselves when they are all put on the dole?

It has taken up until now for the West to consider Coal Gasification. This technology was out in the 19th century. Yet we would have had the infrastructure to do it if it wasn't for Thatchers sharp elbow screw you method.

I am a lefty yes, even if you do use it as an insult i'll happily take having a social conscience as a compliment.

I do not and did not attend a private school or sixth form or anything private for that matter.

You can't possibly label a policy which left millions homeless and a 5 million person waiting list as 'the best policy ever', unless of course the victims don't matter to you, which being a Thatcher lover, doesn't surprise me.

My politics teacher's distaste for thatcher makes me feel that I have to conceal my admiration for her, does anyone else feel the same?

Not necessarily because of her policies, she comes across as very charismatic and I read that she obtained a scholarship to Oxford University to study chemistry and I find it interesting how people either love her or hate her.

Except it created a huge shortage of houses and a 5 million person waiting list.
But yeah, one of the greatest policies wasn't it.
Mind you, when you think Thatcher was a man, it's no surprise you have such daft views.

More incomplete than a bad policy per say. If we say that a 2 bedroom social house costs £110k to build on average then we should keep the right to buy but only sell at £120k or higher, that would allow for the tenant to get a discount aiding social mobility while replacing the stock (or do it regionally to take account of price differences).

Anyway ding dong the witch is dead the wicked witch is dead.

You're a bit late....

Thank you for taking the time out to write this I take it you're not very fond of her. Yes I've heard many people talk about how the trickle down affect is in fact a myth and there is no doubt privilege buys more privilege.

I've encountered the same phenomenon of left-wing teachers pushing their views on students.

I agree, I believe that the sentiment and the concept made it one of the better policies made by a UK prime minister in recent memory