We’re all Socialists now! records Peter Hitchens saying of Margaret Thatcher:
‘I shall never cease to admire her courage and determination. – But at the end of it, she was a great and noble failure, who forgot or ignored half of what she really needed to do, and so lived to see almost all her successes negated. And until conservatives in Britain and America are ready to recognize that, they too will fail, over and over again’.
Abridged here from a commentary with the title Anatomy of Thatcherism that first appeared in 2009 at the Project Syndicate and written by Robert Skidelsky, he would seem to support Hitchens’ view of Margaret Thatcher. Clearly a Keynesian, Skidelsky sees Thatcherism as the outcome of Thatcher/Reagan economics.
‘The Thatcher revolution inspired policies to free markets from government interference. Many people attribute the global crisis to these very ideas, the Anglo-American model of capitalism is deemed to have failed. The following hindsights are judgement on which elements of the Thatcher revolution should be preserved, and which should be amended as a result of global economic downturn’. Read more of this post