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by mattmanser 1035 days ago
A lot more mistakes made by Thatcher than that.

We're now in the absurd situation where 4 out of 6 power generating companies are foreign owned and the Japanese own our chip manufacturer.

All because of her policies that originally envisioned that the share holding would be by the British public, not foreigners.

And the latest scandal is that our water companies are dumping ridiculous amounts of sewage into our waterways while giving out huge dividends. And there's nothing anyone seems to be able to do about it.
2 comments
dazc 1035 days ago
We've had a few Prime Ministers since Thatcher, was her reach so powerful that she could prevent them from doing anything about this?

I recall Blair saying he regretted not doing enough about energy security when he was in power, I don't recall him blaming Thatcher?

Brown expands nuclear ambitions (2008): The prime minister said that with oil prices soaring, it was time to be "more ambitious" for nuclear plans... http://news.bbc.co.uk/1/hi/uk_politics/7424158.stm

There has been a long history of failure, by both sides of the political spectrum.

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mattmanser 1034 days ago
Well, yes. Thatcher had a long tenure, a strong majority and enacted sweeping, long-lasting changes.

Blair was the only other recent politician with similar power. He was actually a fan of privatisation and deregulation (and still is, if you read recent interviews).

And recent governments don't even want to fix it, the status quo benefits their rich donors, even if it's massively hurting Britain's long-term prosperity. You've also got a significant section of the Tory party that still believe in the thoroughly discredited neoliberalism Thatcher followed, as seen by Liz Truss' disastrous tenure.

I'm not a Thatcher hater, but there were a lot of negatives as well as positives.

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gjvc 1035 days ago
All because of her policies that originally envisioned that the share holding would be by the British public, not foreigners.

This is the most charitable interpretation of events (no sarcasm intended[1]), and one I would like to believe, but greed is very powerful and leads people to evil, so I can well imagine various lobbying groups would have seen the easy mid-term money to be made from such sales.

[1] "Never attribute to malice that which may be adequately be explained by incompetence."

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