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" "Our religion teaches us that every human being is unique and must play his part in working out his own salvation. So whereas socialists begin with society, and how people can be fitted in, we start with Man, whose social and economic relationship are just part of his wider existence. Because we see man as a spiritual being, we utterly reject the Marxist view, which gives pride of place to economics...The religious tradition values economic activity, how we earn our living, create wealth, but warns against obsession with it, warns against putting it above all else. Money is not an end in itself, but a means to an end.
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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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.
Today we are coming to realise that an epoch in history is over...For more than forty years that Iron Curtain remained in place. Few of us expected to see it lifted in our life-time. Yet with great suddenness the impossible has happened. Communism is broken, utterly broken...We do not see this new Soviet Union as an enemy, but as a country groping its way towards freedom. We no longer have to view the world through a prism of East-West relations. The Cold War is over.
The belief that the laws of economics and the judgements of the markets can be suspended by clever people — and Nigel Lawson was one of the cleverest people in British politics — is a perpetual temptation to folly. That folly cost us dear. But then the idea that other clever people — and Jacques Delors was one of the cleverest people I met in European politics — can build their Tower of Babel on the uneven foundation of ancient nations, different languages and diverse economies is still more dangerous. Work on that shaky construction is still proceeding.