Lawrence Reed Column
Remembering Margaret Thatcher
by Lawrence Reed, Columnist
Paraphrasing St. Francis of Assisi, Margaret Thatcher ushered in her long and storied tenure as Britain’s first woman Prime Minister with these words: “Where there is discord, may we bring harmony. Where there is error, may we bring truth. Where there is doubt, may we bring faith. And where there is despair, may we bring hope.”
She brought all those things to the beleaguered nation she led, and inspired millions the world over as she did it. And it was no small feat. The Britain she found upon assuming its highest office was torn by labor violence, enervated by crushing tax rates, and smothered by nanny state welfarism. It was the Sick Man of Europe but eleven years later, it was once again the proud and productive workshop of the Continent, if not the world.
Margaret Thatcher didn’t end socialism in Britain but she did more toward that laudable goal that anyone expected and perhaps more than any man at the time could have done. She also gave socialism the tongue-lashing it richly deserved, noting on one occasion that “Socialist governments traditionally do make a financial mess. They always run out of other people’s money. It’s quite a characteristic of them.” Another time she declared, “Socialists cry ‘Power to the people’ and raise the clenched fist as they say it. We all know what they really mean—power over people, power to the State.”
Her eloquence brought to mind Harry Truman’s famous remark, “I never gave anybody hell. I just told the truth and they thought it was hell.” The difference was, Thatcher really did deliver hell to the other side. She thrashed the Labor opposition in three consecutive elections. She dramatically lowered marginal tax rates. She privatized a long list of tax-eating, slothful, state-owned companies and assets, including more than a million units of public housing. She helped to strengthen Western resolve to face down the Soviet Union’s expansionist aims. She made a monumental difference in world politics.
“I came to office with one deliberate intent,” she declared: “To change Britain from a dependent to a self-reliant society—from a give-it-to-me, to a do-it-yourself nation. A get-up-and-go, instead of a sit-back-and-wait-for-it Britain.”
I had the privilege of meeting Margaret Thatcher personally on two occasions, in 1996 and 2002. She impressed me both times as a woman who knew what she stood for and wanted you to know it. She was as strong as she was refreshing.
Margaret Thatcher did much and stood for great things. Her accomplishments were her own, not the result of a politically-connected husband, a wealthy inheritance or affirmative action privileges. She climbed the greasy pole, as Disraeli would say, against odds and obstacles that her own indomitable will overcame. It may, unfortunately, be a very long time before we see her likes again.
(Lawrence Reed, a resident of Newnan, is president of the Foundation for Economic Education in Irvington, NY and Atlanta.)