I always regarded free trade as far more important than all the other ambitious and often counter-productive strategies of global economic policy – f… - Margaret Thatcher

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I always regarded free trade as far more important than all the other ambitious and often counter-productive strategies of global economic policy – for example the policies of 'co-ordinated growth' which led principally to inflation. Free trade provided a means not only for poorer countries to earn foreign currency and increase their peoples' standards of living. It was also a force for peace, freedom and political decentralization: peace, because economic links between nations reinforce mutual understanding with mutual interest; freedom, because trade between individuals bypasses the apparatus of the state and disperses power to customers not planners; political decentralization, because the size of the political unit is not dictated by the size of the market and vice versa.

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About Margaret Thatcher

Margaret Hilda Thatcher, Baroness Thatcher (13 October 1925 – 8 April 2013) was a British politician and stateswoman who served as Prime Minister of the United Kingdom from 1979 to 1990 and Leader of the Conservative Party from 1975 to 1990. She was the first female British prime minister and the longest-serving British prime minister of the 20th century. As prime minister, she implemented neoliberal economic policies of deregulation and privatization that became known as Thatcherism. A Soviet journalist dubbed her the "Iron Lady", a nickname that became associated with her uncompromising politics and leadership style.

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Also Known As

Birth Name: Margaret Hilda Roberts
Alternative Names: Baroness Thatcher Margaret Hilda Thatcher Margaret Roberts Maggie Thatcher Baroness Margaret Thatcher Lady Thatcher Mrs. Thatcher Mrs. T Baroness Thatcher of Kesteven
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Additional quotes by Margaret Thatcher

I place a profound belief—indeed a fervent faith—in the virtues of self reliance and personal independence. On these is founded the whole case for the free society, for the assertion that human progress is best achieved by offering the freest possible scope for the development of individual talents, qualified only by a respect for the qualities and the freedom of others...For many years there has been a subtle erosion of the essential virtues of the free society. Self-reliance has been sneered at as if it were an absurd suburban pretention. Thrift has been denigrated as if it were greed. The desire of parents to choose and to struggle for what they themselves regarded as the best possible education for their children has been scorned.

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