The Socialists tell us that there are massive profits in a … - Margaret Thatcher

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The Socialists tell us that there are massive profits in a particular industry and they should not go to the shareholders—but that the public should reap the benefits. Benefits? What benefits? When you take into public ownership a profitable industry, the profits soon disappear. The goose that laid the golden eggs goes broody. State geese are not great layers. The steel industry was nationalised some years ago in the public interest—yet the only interest now left to the public is in witnessing the depressing spectacle of their money going down the drain at a rate of a million pounds a day.

Margaret Thatcher

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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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The Socialists tell us that there are massive profits in a particular industry and they should not go to the shareholders—but that the public should … - Margaret Thatcher

About Margaret Thatcher

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