but the liberal in neo-liberal is very different again from even our definition, if you think of liberal democrats you think of the centre where a combination of policies from the left and right might come together, neo-liberalism is far from that, I think it's closer to the way nationalist socialism was used, it was deliberately misleading
Economic liberalism I think generally means trusting the free market and private ownership of assets. Most people think of being socially liberal when you say liberal.. And yes in the USA they also confuse that with being left wing
In my country our whole political spectrum is placed further left. By looking at their policies Americas Democratic Party would be considered as a centrist or centre right party along with the Republicans who would be considered far further Right wing. Libertarians or Neo Liberals are considered right wing in the spectrum here.
We still haven't recovered from her policies, we might never, because her economic model (neoliberalism), still drives all the mainstream parties today. They are in love with selling public services, they claim they'll be better managed by private companies, but that's literally never happened, private companies give their shareholders and CEOs all the profits rather than investing it, or even maintaining it. While dumping the cost on the customer, for a gradually worsening service. I'd say 95% of the mess Westminster is today, is her legacy. And then they (the government) say it's too expensive to bring it back into public ownership when it's clearly failed.
@timothyallan111 Yes, because it is untrue. There was a slight increase in growth under the Conservatives between 1951 and 1964, but it collapsed under Labour and equally rubbish Heath in the late 1960s and 1970s. Remember the devaluation of "the Pound in your pocket", two Miners Strikes within a year in the early Seventies, inflation at 23% under Wilson, power cuts as a facet of national life, the IMF bailout in 1976, the collapse of the Social Contract, the Longbridge British Leyland saga and the Winter of Discontent, when Labour was destroyed by the unions?
'In 1968 Edward Short, the Labour Secretary of State for Education and Science, withdrew free milk from secondary schools for children over eleven. His successor, Conservative Margaret Thatcher withdrew free school milk from children over seven in 1971, earning her the nickname "Thatcher, the Milk Snatcher".'
@@andyinsuffolkand now we have stamer taking cold weather payments of pensioners would any american take there bank statements to prove there income 🤔
@@janolaful yeah cuz the retired pensioners are way less off than the people margret thatcher ruined with her "laissez faire everyone you can" policies
I think that this is absolutely the right thing to do when a comfortably well off person is given money to pay bills that they could do anyway that is wrong there has to be a cut off and unfortunately some people will be on the other side of that cut off but remember the tory government took away savings credits and also didn't help to promote the fact people could claim pension credit, also look at the take up of pensioners applying, the DWP have received around 74,400 Pension Credit claims in the 8 weeks since the announcement on 29 July. This is compared to around 29,500 Pension Credit claims in the 8 weeks preceding the announcement. On average Pension Credit provides an extra income of £3,900 a year. However, nationally, up to 880,000 pensioners miss out on this income as it goes unclaimed. These are all figures that right and left wing media agree on, although the way the figures are explained may differ.
A colossal mistake Right to Buy sold off all that stock and the stock was never replaced JimmyTheGiant here is a fan of graphs so I’ll reference one too: Google “Statista, housing completions 1949-2022” and notice that the last time we met housing targets was in the 1960s during the post war consensus and the state built council housing. Then RTB comes in 1980 and local authority bars dry up completely and never recovered. RTB created a generation of people who had purchased their homes for a cheap discount and turned housing in the UK into a speculative commodity and not something people have a right to. Since we haven’t built enough social housing, the housing market thru the private sector only builds what makes profit, which people don’t want to buy bc everyone’s poor, the housing sector is surprisingly inelastic, making the built stock of houses go up in price That is why your wife wouldn’t agree with you, on a material basis. She doesn’t want the house price to go down so she’s against the building of more housing that would decrease the price of her house with more stock being built.
Allowing tenants to buy their houses meant that local people had a stability that they didn't have. And a pride in the local area. My dad brought his council house then a few years later mortgaged it to start his own business. That business went on to employ 15 people. Without the ability to buy his council house he wouldn't have been able to do so.
You are right because the state giving away community property that will be most likely needed in the future is stupid (same for utility infrastructure) and should be unconstitutional in a real democracy. Helping people from revenue (benefits) and balancing the budget can be maintained for ever, whatever the rights or wrongs. Giving away working assets that took generations to build means that future generations lose the option to benefit from them.
She not only sold off council property she ring fenced the money so the councils could not use it for rebuilding. If councils could have rebuilt it would have made sense.
@@Trebor74 - the damage to the many might outweigh the benefit to the few many times over. My window cleaner from a couple of decades back thought that his decision to buy his council house was a disaster.
@Ade2bee maybe a food analogy will help? There are many flavours of Walkers crisps, but they're all owned by walkers. They don't care which flavour you buy.
Since it's that time of year again, and I've been listening to the Pogues' Fairytale of New York, I'm thinking that Think Tank must be next door to the Drunk Tank...
Holy shit. When the video says "I'm pretty sure she's the reason it rains all the time", it started absolutely pissing it down with rain and hail outside that very moment. The ghost of Maggie is watching. Spooky.
Neo-liberalism differs from LIberalism in that Neo-Libs believe that they as individuals should have the liberty to do what they want with little to no restriction from government. It's a wonderful idea if you happen to already be privileged with wealth and power. If you happen to be poor and powerless (and have moral standards), enjoy clean air, clean water and soil, and like affordable food that's fit to eat, neo-liberalism probably isn't for you.
Liberalism had always been dual personality, you have social liberalism, it gave us things like human rights... then you have economic liberalism which is the bedrock of Neo Liberalism which aims to crush them in favor of profits
Of course she discovered north sea oil!! It was whilst holidaying on the Aberdeenshire coast, she spent a fine morning snorkeling and as luck would have it she had a massive boring tool with her... and hey presto, North sea oil was discovered. She went on the marry Dennis, the massive boring tool
13:56 The Institute of Economic Affairs is still around today, located on Tufton Street a stone’s throw from Parliament They are ranked as one of the least transparent think tanks, meaning they do not declare their donors, suggesting they take a lot of dark money as it’s called. They regularly send lackeys to do the morning round of politics debate shows on the BBC and elsewhere to defend the world of privatisation, the rich, low taxes on corporations etc.
Yes we must be severe with those who do not subscribe to our Group-think and anyone funding opposite views or having suspect motivation - we must not waste time engaging with the non-believers.
Really enjoyed this one,I went to secondary school mid 80s where 60%+ of the children attending were from the local coal mining villages saw first hand the misery she inflicted on Britain.
As a business owner would you still pay your workers if you were making no profit and losing money?all she did was close down failing companies that were funded by the tax payer.she did the right thing.
Let's be honest, it wasn't Thatcher that was to blame for this, it was the Labour and Union leaders, as it is now with all the working jobs going in the UK
@@carlosdeferrer3585 the miners and Union leaders were holding this country to ransom. I well remember ‘The Winter Of Discontent’. My school closed down for weeks because the heating was coal fired and miners were striking. Strikes happened at the drop of a hat for minor reasons. It brought this country to its knees economically, earning us the title ‘The Poor Man of Europe’ because the Unions owned the then Labour government. Rubbish was left uncollected, piling up in the streets. Blackouts, and the dead left unburied.
@@robebanks5054 She shut the mines and left the workers to starve. Nothing was done to provide other jobs in those areas. The government has a responsibility to care for its citizens, but Thatcher cared only for the wealthy. The job of government is NOT to make lots of money, it's to care for society, and she didn't believe in society, only the self.
The chap whose quote about neoliberalism made you do a goog search was George Monbiot. I think you would love to see more of his perspective on society, he's quite a knowledgeable bloke.
Whilst I have always acknowledged that she was a strong leader and took no prisoners I’m afraid her policies did not sit well with me. I had such high hopes that this first female prime minister would do a lot for society and especially for the women’s movement. How wrong I was. After the end of her premiership I had an American penpal who loved Ronald Reagan and Margaret Thatcher. He could not understand that I did not care from Margaret Hilda, I told him she had destroyed society. She actually said something on the lines of there is no such thing as society just individuals. I can’t remember the exact quote and I’m sure the Thatcherited 12:39 will clearly tell me she didn’t say that, but that’s what she meant. You can still see it now. People don’t seem to care about each other and about strangers and if they do, it’s the fewer not the majority as was before her rhetoric. I’m personally feel she bribed people with the sale of the nationalised industries and would love to know if there is a study to show how many individuals still own shares in those companies and how many of those shares went to big business when sold. As someone above said a lot of those businesses are now held by foreign entities. Is that safe and could we be held to blackmail et cetera. I have never yet rejoiced the death of somebody in my lifetime and indeed I’m against the death penalty. But at the same time I find it distasteful to witness this rejoicing of the memory of Baroness Thatcher. I don’t think we should tear down statues but I think they are certain ones should be in museums explaining the facts those people had on ordinary people. Looking back, I feel that life at the time did feel richer financially speaking but poor socially speaking. And as one of her predecessor mentioned the family silver. Once it’s gone, it’s gone and I think a lot of the wealth created at that time for individuals was was like life itself, transient .
Good comment. The idea that only the individual counts and no-one needs to worry about anyone else's welfare is pure selfishness and is rearing its ugly head again in the US under the influence of Trump. The loss of civility and just basic regular care for one's fellow humans that has emerged over there is just staggering.
Greetings from New Zealand! I am originally from UK, but left many years ago. When people asked why I made the move I used to say I was a political refugee from Thatcherism. Trouble was Neoliberalism spread to many countries, You are one of my top RUclipsrs to watch. Really appreciate when you stop and go deeper, look up stuff you not sure about, etc. Thanks for your excellent work. Best wishes for 2025.
Your first go at pronouncing Portillo is fine. He used the second one, but his parents were Spanish. One of my favorite moments in British politics has gone into history as "The Portillo Moment" (look it up :D)). And Thatcher made sure she was right that the only state money is tax payer money, by selling of everything else to her hiighest bidding cronies. Hope she doesn't rot in hell (but stays well enough to suffer propertly) Bring back Clause 4!
Like Marmite- you either love it or you hate it - no-one is neutral on Mrs Thatcher! If you hated her then, you will go to your grave hating her. Some of the railway system is going to be brought back into public ownership, starting over the next few months. That's a relatively easy one, as the companies have contracts which are regularly up for renewal. Sadly the same can't be said in other industries which should be controlled by the state.
As a northerner and the son of a coal miner i could never agree with her politics but give her her due she had bigger balls than the wishy washy leaders that we have had recently.
We the British people tried to get the song, ‘Ding Dong The Witch Is Dead’ from the movie, The Wizard of Oz to number one in the music charts, on the pronounced death of Margaret Thatcher, but radio stations refused to play the song.
This is the difference between the left and right. The left sing happy songs when someone dies The right sing songs while they are in power, even though starmers BBC refuse to play it. blair, even though he is a war criminal, and much more hated, will have no happy songs sung when he dies The shame is on you
Welcome to the true North/South divide! There are so many metrics, but you could just hold up a picture of Margaret Thatcher and ask, "How do you feel about this person?"
Now, that's a bit of an overgeneralisation. I'm Southern born and bred, and I was out there cheering when she was finally put under the dirt. A lot of my friends were too. I'm old enough to remember the glee that went round my school in Guildford the day she resigned as well.
@@adamaalto-mccarthy6984 You may want to go to places in the North or Wales. You may not have been privileged, but at the same time, you weren't completely screwed like we were, and still are
The demand for UK coal was falling through the floor and hasn't recovered. Scargill wanted to wage political/class war against the state rathet than lead the miners (see 1001 vids on RUclips if you want to review the NuM strategy). Thatcher would have spent all those resources that were wasted on Policing (etc) on the miners given half-a-chance. The miners wasted their chance on empty promises from morons and wishful thinking. This is is the problem with personality politics & charismatic leaders in general (inc MT).
I also come from a mining family. The miners became greedy in th 70s. They were not starving or poor at the beginning of the strike in the 80s. Quite the opposite They were all dressed well with expensive watches and nice cars. Their salary was better than most at the beginning. The fact that you had to go without is because they stopped working and stopped earning. My Grandfather was in the mines during the war, My Great Grandfather marched from Jarrow to Westminster.. They had a reason to complain, but not the miners in the 80s
I had the misfortune of growing up in the north of England during Mrs Thatcher's premiership... the misfortune was not the location but her rule. Her policies were designed to strip wealth away from the manufacturing areas of the country and create more concentrated local wealth to a select class of financiers in the south-east. She became very popular with the wealthy and consequently didn't give a damn about anyone else. Whole areas became impoverished, devoid of a chance of employment (cue the right wing tabloid "Unemployed Lazy Scum!" headlines) while the cocaine fueled yuppies flourished. When she died I rang to ask my local MP where she was going to be buried so I could go piss on her grave. He told me I needed to head for Lands End, the west most point of England. I remarked that I didn't know she was being buried in Cornwall, and he said "she isn't, she's being buried in London, but the queue starts in Cornwall"
It said people from The North could not move to The South in the 1970s;s where "jobs were plentiful" because of accommodation prices but as late as 1983, I bought this 3-bedroom home on the very edge of London with a £49 or $61 a month mortgage and a Deposit of £250 ($ 307 ). Anyway GOOD NEWS. Like The Mines,I am going to start a Business that will make a Loss every year with no real hope of that changing and as the Government only uses YOUR hard earned money to bail out lossmaking Industries, I want YOU to bail me out so Who is in? Send Donations via RUclips👍
Much of Thatcher's views were formed during her early years. Her father owned a grocer's shop in Lincolnshire and her ideas were primarily his. She always said she tried to manage the economy in the same way a household budget is managed. Big mistake. Something needed to be done to get the economy working again, but her methods caused a lot of pain for ordinary people, as you see in these comments. Thatcher left office when I was 9, so I don't remember much. There were good times in the late 90s and early 00s, but 2008 ended them.
I very much appreciated how the video pointed out that Clinton was a stooge of the same people as Thatcher and Blair. And how Blair was totally happy to work with W Bush on Iraq. All the same thing, party labels don't matter; who are the paymasters of the lobbyists and think tanks? The last UK politicians I respected were John Smith and Robin Cook. Funnily enough, I have great respect for both Roosevelt and Eisenhower
With you on John Smith, with you on Clinton being a big neoliberal too, that Third Way politics shit, although I personally did love Corbyn and the movement he started to reverse austerity, invest in people, tax the richest, build housing, people’s quantitative easing, right to own for workers and all that awesome stuff, but he became leader in a party that had been irrevocably changed by what Blair had done who in turn had been inspired by Thatcher. Since Blair Labour has had a core of neoliberalism that’s watered it down from the actual left wing party it used to be which allowed it to be effective opposition to conservatism in the UK, and that core did everything it could to undermine him. For instance, on the issue of Brexit, he ran on a workers first soft Brexit policy in 2017, thinking of the little guys not the bureaucrats right who were locked in a debate about Remain or Leave, Corbyn just wanted what was best for the people on the bottom, so he wanted to stay in the Customs Union for instance once we left the EU. But the Blairites in Labour thought he was too Brexity, pushed him to adopt second referendum policy in 2019, it muddied everything he was arguing for, and they lost the historic northern “red wall” to Boris Johnson who promised to “get Brexit done”. He still got more votes than Starmer though, 12 million in 2017, 10.2 million in 2019. Starmer got 9.7 million on 33% of the vote, as many have termed a “loveless landslide”, where it was mostly a loss for the Tories than Labour winning people by policy.
@@JackMellor498 Oops! I forgot about Corbyn. Of course, the establishment hated him because he is not a neoliberal like Starmer, and was probably our last chance to renationalise ruinous failed neoliberal sell-offs like Rail, Water, Energy and Mail, and to rescue the NHS. The 2019 election was a disaster for the UK.
There's ver few people condemning Luigi Mangione or Americans celebrating his actions. We're with you. Reagenomics and the subtle horrors of the 80s and business going unfettered into a position where bankers can dictate their earnings by purchasing any competition. Also see every Billionaire...
This is a false video heading, not everyone hated Margaret Thatcher, as with everyone who occupies number 10 Downing Street you will get a split in the country between their popularity by Conservative and Labour voters, of course Margaret Thatcher had her haters and those that loved her as well, it is ridiculous to say everybody hated her. I wonder what opinion of her these people that hated her have about the present Prime Minister Keir Starmer? He has been in Number 10 for just 6 months and has managed to become one of the worst and most unpopular Prime Ministers ever! With his blatant attacks so far on pensioners and farmers by himself and his chancellor. It would be interesting to hear what the people who say everyone hates her have to say about Kier Starmer? I have yet to find anyone who actually likes or approves of him, in fact I might also be tempted to say everyone hates him!
Loads and loads of British people will loathe Thatcher forever. She destroyed so many good things in our country which had changed so many lives for the better post-WW2.
Lots of people don’t hate her, yes she went too far on somethings, but we were held ransom by the unions and this country was on the verge of bankruptcy before she stepped in. She was for helping people help themselves and stood for a government being an instrument of the people and keeping out of their affairs unlike now where it’s being totally being reversed the last 25 years or so. Nanny state, you will own nothing and be happy and totally rely on them for money and your every thought and action or consequences occur.
So you would prefer to pay more to the government in rent than own your own house at a cheap rate , are u mad she never got voted out and saved 1000’s of lives shutting the mines , we wouldn’t have all these illegal people here if she was in power , wake up she put our country 1st it’s just she was well ahead of her time and people didn’t see this at the time FACT
It seems like no time passed, at all, between British Gas finding where to drill for oil and British Gas being sold off. Thatcher didn't even give it a chance. And, I'm saying this as a full blown renewable energy type, damn. She didn't even wait to see if it was going to be a societal boon. So eager to keep throwing chunks of meat to the private sector. Away with our buffer zone of social housing. Away with the public transport a lot of us were using to get to work. Away with our energy independence. Did she privatise our water, too? And then we couldn't take the time to wonder what was the best next step because now we were being taxed for merely existing. It's one big get rich quick scheme because, for a brief period, there would have been a lot of money in the coffers. It made the Thatcher government appear successful. Do you think we'll ever get back to some sort of stability where people are kind of happy to be alive? Will it take re-breaking the leg to reset it properly? We're in a mess.
Thatcher deindustrialised the UK, to undermine the trade unions, then sold off the state's assets to private institutions and foreign capital. Gave tax cuts to the rich and then expected the private sector to plug the gaps that the government no longer funded e.g. social housing. In the housing sector that didn't happen and the UK lost approximately 300k new homes per year, hence the increase in house prices, creating the illusion of wealth for homeowners. By shifting towards a service economy it put economic growth into the hands of consumerism and when people don't spend, the economy doesn't grow. One of the factors behind the "never had it so good" era was massive postwar government expenditure in infrastructure, housing, education etc. i.e. the growth wasn't driven by the private sector but by government expenditure. That government expenditure has been replaced by an increased tax burden on the lower paid, tuition fees (basically a tax on education and aspiration for the lower classes), less investment in public services and of course all the problems that come with that like crime, social deprivation, poverty etc. I'm sure some neolib will try and paint it otherwise but it's only served financial institutions.
Strange, isnt it? Thatcher, who was apparently "hated by everybody", won three consecutive general elections. There must have been one or two people who thought she was doing OK. I saw what was happening to the country in the 1970s as a result of the communist controlled Unions, and her landslide victory in 1978 showed that many other voters, just like me, saw that it was time to bring a new political leader into power. I was proud that she stood up against the Fascist government of Argentina, and that she broke the grip on the country that the Unions held. A Decade of misery that took 5 years to clean up. Then she introduced a new set of workers rights to reduce the need for strikes, by preventing unscrupulous businesses from exploiting the workforce, balanced by rules preventing sudden, destructive strikes. Alongside this, there was the privatisation controversy, although at first there was little controversy. It was only when the privatisations continued that I thought it was going too far. And finally she started believing in her own propaganda, and she was replaced by her own party. She never lost a general election as party leader.
She is the reason our country's finances are a mess. To this day our finances haven't recovered. And she has also inspired conservative politicians to do the same thing after her.
She is not the reason this Country is in a mess. The four horseman of the Apocalypse:Blair, Brown, Mandelson and Campbell are responsible for what’s gone wrong in this country, from lying in Parliament and seeing up a dossier to claim WMDs to start and illegal war in Iraq, to welcoming in the private sector to the NHS, and the abuse of PFIs, resulting in a £350 billion debt that will cost over a £trillion to put right. The private sector subsequently ripping of the NHS & tax payers, something Thatcher and the Conservatives would never have dared to do. And they began mass-immigration policies which have led to 50,000 suspected terrorists on security watch lists which are impossible to police. Thanks to Blair et al we can’t even deport them because he embedded human rights into the ECHR, handing power to lawyers and quangos. Margaret Thatcher was a patriot, and as she once said: ‘The first duty of a PM is to protect its own people’. Give me her over Blair and Labour any day!
The governments that followed MT enjoyed her legacy and then spent it I can assure you the 90s were far more prosperous than pre-Thatcher. The downturn has really been noticeable from Blair/Brown onwards. But she was far from perfect, just better than average.
Are you having a laugh? Do you even know what kind of state our country was in before Maggie became PM? We were on our a$$ in the 70s, having to go cap in hand to the IMF. Yes, of course there were years in the 80s that were dire, especially the early 80s recession, but Maggie took us from being the sick man of Europe to being one of the richest countries in the world again, during the mid to late 80s. Economic growth was at 5%.
Thatcher overcame Galtieri, Communism, Scargill, and won three elections. Then, she saw her policies adopted by the opposition. She was outstandingly successful.
She was the the kick ass Britain needed at the time, sadly that time has come again, weak leaders who mostly study Philosophy and Economics have now ruined this country.
Royal Mail has agreed to a formal takeover offer for the 500-year-old organisation. Czech billionaire Daniel Kretinsky has firmed up an offer of £5bn, this is this week's news in December of 2024!!
Though she did do a lot of bad shit, she did do two good things: Declared war on Argentina, which no one else would have done. Anyone else would have given up the Falklands and made the UK look weak. Introduced the "right to buy" scheme, which allowed social housing tenants to purchase their council house for a substantial discount. These houses then increased in value exponentially, making these people rather wealthy.
She wasn't all bad. She underestimated the greed of private companies. She took on Argentina for the Falklands. She is still correct about Mandela and the ANC.
"everyone" Everyone on the left maybe. She's was a hero to half the country. What you don't hear in many of these videos is that Wilson (Labour PM) closed more than twice as many pits as Thatcher did. But that was fine, because the Unions that fund the Labour party didn't kick up a fuss when it was Labour doing what had to be done.
Hi JJ, not everyone hated Maggie Thatcher. She was very much what the country needed to put it back on its tracks. I come from a mining background where my great grandfather marched from Jarrow to Westminster. This was a time when labour was needed to correct injustice. When Maggie came to power, the miners had become greedy and were blackmailing the country by striking for more and more pay. Look at the beginning of the strikes and they are all dressed well with expensive watches. Maggie stood up against them and stopped the unions from this greedy strike action that devastated our country in the 70s before she became PM
Glenda Jackson's take down of Margaret Thatcher and also Dennis Skinner's speech is well worth a watch. Of course, the Conservatives didn't like what they were hearing.
The filter you are viewing this all through has zero idea what it was like living his socialist utopia in the 1970s, he wasn't there. We, the UK, had to go to the IMF for a loan.
She is responsible for the state of northern England!!! I come from a town that was not only a Mining Town but also a Fishing Town!!! Now neither of them is true thanks to that cow!!!
Depends who one asks.... To many...Thatcher was the Greatest Prime Minister Britain ever had and everybody since has been on that rebound. Marr called her the most influential politician ever.
this is so depressing, and a very eloquent summary of where we are. Always follow the money; the billionaires did not like the poor improving their lot via principled compassionate politicans, which is why we can't have an Aneurin Bevan again. Contrast and compare him (main force behind establishing the NHS in the UK) with Wes Streeting (a Starmer cabinet neoliberal stooge).
Maybe a touch 1 sided and reductio ad absurdum for my liking. What condition was the country in prior to her election? Why did those poor people keep voting her in despite her being 'hated'? She seems an easy scape goat for many with a bucketful of modern-day judgemental hindsight. Are you going to react to something from the opposite faction, @JJLA Reacts ?
I fled the country in 1986 CE as a result of Thatcher's policies - no future indeed! And now for a musical interlude: Elvis Costello's "Tramp the Dirt Down" ruclips.net/video/9t4-zDem1Sk/видео.html and UB40's "Madame Medusa" ruclips.net/video/2MXHA4vPGlY/видео.html
he skipt past 1966 when Scotland hit oil and thatcher used it to build up London's economy leaving scotland still poor . scotland is one of Europe largest petroleum producers . with the discovery of north sea oil transforming the Scottish economy. OIL was discovered in Scotland's North Sea in 1966 . with first year of full production for Scotland taking place in 1976 , because thatcher built London's economy on Scotland's oil first Making London the power house instead of Scotland. Thatcher stole Scotland's OIL
Well ever since it was announced that Keir was okay with freezing grannies to death I'm no fan that's for sure. Love that there's a Christmas song about it though, that dark brit humour coming through again lol
America led the world in economic growth in the 1950s. Partly because a lot of the productive capacity in Europe and Asia had just spent six years being bombed into oblivion, which didn't happen in America.
Re the "She thinks she's the queen", Pound coins when introduced were nicknamed "Thatchers" as they were brassy (in colour) and thought they were a sovereign (the closest predecessor coin). It didn't stuck as 'Quid' was already in long standing slang for a "pound"
The UK economy still hasn't recovered from 2008 - of course compounded by the BREXIT self-mutilation following by brutal corruption and government overspend during Covid and now the Russo-Ukrainian war. It never ends.
Truth is she made the poor poorer. The rich became richer, until we have the system today in the UK. (Are you taking notice USA ? - you have it even worse, from Reagan) And although I bought my council house, back in the day, because the money that was accrued from selling off social housing wasn't put back into building more social housing it caused the major housing crisis we have today. All this stuff will happen again. People have short memories.
Neo liberalism and neo con, is the same thing. The liberalism in this case means removing rules and regs for banks and the market. Basically conservatism.
This whole „The state can only spend what it takes in in taxes“ is total nonsense (at least for states that control their own currency). What’s true is that states can only take in in taxes what it has spent first. In contrast to private households states create the money they take in in taxes (taxes are basically a way for a currency to have value as you need to pay your taxes in said currency - you can think of taxes as destroying money that was created previously by a state) A simplified example to explain that can be found in the game Monopoly. At the start the bank gives out money to the players (it takes on debt). The players pay the bank with that money. Would the bank pay off all its debt there would be no money in the game anymore. (this is simplified but you can see how the debt of the Monopoly bank [the state] is the wealth of the players [citizens]) A problem only arises if the state creates more money than physical wealth can be created (for example because of a lack of resources, labour, …) in which case inflation is the result. To put it in Keynes words: „Anything we can do, we can afford Side note on „Liberalism“ as a word: In the US it has a different meaning (loosly „left leaning“) than in most of the world where it basically is either the economic philosophy described in this video or just means „free“ as in the propagation personal and economic freedoms (which is more of the political side of it) and is more of a „center right“ thing. The „liberals“ typically stand in between the Labour parties and the Conservatives of their respective country ideologically. Normally they are socially progressive and fiscally conservative.
The paradox of ideologies (and partly that's why I don't like them) is the ecomnomical ones' meaning is usually exponential as compared to the cultural/statutory/moral ones (sorry for the mixed metaphor)
The mend is on. There’s a negative feeling from the right wing press, but after Johnson and Truss, the country needs a break. Nothing worked here during the final years of the Tories, but things are beginning to happen. Rail renationisation is happening, Great British energy is on the way….. PLEASE DON’T LET MUSK GET IN THE WAY. It’s our democracy.
Leftists are not "everybody." Thatcher won three sizeable majorities in a row (1979, 1983, and 1987) and was the longest-serving British PM of the 20th century. That obviously would not have been possible if everybody hated her. She did have periods of deep unpopularity (notably during the recession of the early '80s, and after the poll tax in the late '80s). But her reputation 30 years later has actually improved. A 2019 YouGov poll showed most Brits considered her the greatest post-war prime minister; 44% thought Thatcher was a "good" or "great" prime minister, while 29% thought she was "poor" or "terrible." That means that as recently as 5 years ago, more people actually seemed to *like* Thatcher than dislike her.
I think the confusion regarding 'liberalism' is that it's a case of America using a term in a way different from the rest of the world.
I was gonna say this. Liberalism is not 'left wing'. You can be a right wing or left wing liberal.
but the liberal in neo-liberal is very different again from even our definition, if you think of liberal democrats you think of the centre where a combination of policies from the left and right might come together, neo-liberalism is far from that, I think it's closer to the way nationalist socialism was used, it was deliberately misleading
Economic liberalism I think generally means trusting the free market and private ownership of assets. Most people think of being socially liberal when you say liberal.. And yes in the USA they also confuse that with being left wing
@@davidbrooks2375 yes and I think that misunderstanding was expected and deliberately employed to sell the idea to make it sound moderate and sensible
In my country our whole political spectrum is placed further left. By looking at their policies Americas Democratic Party would be considered as a centrist or centre right party along with the Republicans who would be considered far further Right wing. Libertarians or Neo Liberals are considered right wing in the spectrum here.
We still haven't recovered from her policies, we might never, because her economic model (neoliberalism), still drives all the mainstream parties today.
They are in love with selling public services, they claim they'll be better managed by private companies, but that's literally never happened, private companies give their shareholders and CEOs all the profits rather than investing it, or even maintaining it. While dumping the cost on the customer, for a gradually worsening service. I'd say 95% of the mess Westminster is today, is her legacy.
And then they (the government) say it's too expensive to bring it back into public ownership when it's clearly failed.
You are so correct, many of the issues we have now are directly a result of the deregulation and market-driven economy.
Yeah, state socialism has such a great track record of creating abundant prosperity, doesn't it?
@@AdrianLee-i7g did you just conveniently skip over the part of the video about economic growth in post-war Britian?
@timothyallan111 Yes, because it is untrue. There was a slight increase in growth under the Conservatives between 1951 and 1964, but it collapsed under Labour and equally rubbish Heath in the late 1960s and 1970s. Remember the devaluation of "the Pound in your pocket", two Miners Strikes within a year in the early Seventies, inflation at 23% under Wilson, power cuts as a facet of national life, the IMF bailout in 1976, the collapse of the Social Contract, the Longbridge British Leyland saga and the Winter of Discontent, when Labour was destroyed by the unions?
@@timothyallan111 He didn't live through the 60s and 70s (or even 80s and much of the 90s?). Some of us did and know how it really was.
Margaret Thatcher the Milk Snatcher....
'In 1968 Edward Short, the Labour Secretary of State for Education and Science, withdrew free milk from secondary schools for children over eleven. His successor, Conservative Margaret Thatcher withdrew free school milk from children over seven in 1971, earning her the nickname "Thatcher, the Milk Snatcher".'
@@andyinsuffolkand now we have stamer taking cold weather payments of pensioners would any american take there bank statements to prove there income 🤔
@@janolaful yeah cuz the retired pensioners are way less off than the people margret thatcher ruined with her "laissez faire everyone you can" policies
I think that this is absolutely the right thing to do when a comfortably well off person is given money to pay bills that they could do anyway that is wrong there has to be a cut off and unfortunately some people will be on the other side of that cut off but remember the tory government took away savings credits and also didn't help to promote the fact people could claim pension credit, also look at the take up of pensioners applying, the DWP have received around 74,400 Pension Credit claims in the 8 weeks since the announcement on 29 July. This is compared to around 29,500 Pension Credit claims in the 8 weeks preceding the announcement. On average Pension Credit provides an extra income of £3,900 a year. However, nationally, up to 880,000 pensioners miss out on this income as it goes unclaimed. These are all figures that right and left wing media agree on, although the way the figures are explained may differ.
My wife wouldn’t agree with me on this one, but the selling U.K.’s Social Housing was a big mistake.
A colossal mistake
Right to Buy sold off all that stock and the stock was never replaced
JimmyTheGiant here is a fan of graphs so I’ll reference one too:
Google “Statista, housing completions 1949-2022” and notice that the last time we met housing targets was in the 1960s during the post war consensus and the state built council housing. Then RTB comes in 1980 and local authority bars dry up completely and never recovered.
RTB created a generation of people who had purchased their homes for a cheap discount and turned housing in the UK into a speculative commodity and not something people have a right to. Since we haven’t built enough social housing, the housing market thru the private sector only builds what makes profit, which people don’t want to buy bc everyone’s poor, the housing sector is surprisingly inelastic, making the built stock of houses go up in price
That is why your wife wouldn’t agree with you, on a material basis. She doesn’t want the house price to go down so she’s against the building of more housing that would decrease the price of her house with more stock being built.
Allowing tenants to buy their houses meant that local people had a stability that they didn't have. And a pride in the local area. My dad brought his council house then a few years later mortgaged it to start his own business. That business went on to employ 15 people. Without the ability to buy his council house he wouldn't have been able to do so.
You are right because the state giving away community property that will be most likely needed in the future is stupid (same for utility infrastructure) and should be unconstitutional in a real democracy. Helping people from revenue (benefits) and balancing the budget can be maintained for ever, whatever the rights or wrongs. Giving away working assets that took generations to build means that future generations lose the option to benefit from them.
She not only sold off council property she ring fenced the money so the councils could not use it for rebuilding. If councils could have rebuilt it would have made sense.
@@Trebor74 - the damage to the many might outweigh the benefit to the few many times over. My window cleaner from a couple of decades back thought that his decision to buy his council house was a disaster.
_"Think Tank"_ means _"Thinking about tanking the economy for the benefit of their funders"_
Therefore labour must have lots of think tanks then
@Ade2bee you don't know how think tanks work do you? 😂....
... Little hint, they fund all sides. That way they always win.
@Ade2bee maybe a food analogy will help?
There are many flavours of Walkers crisps, but they're all owned by walkers. They don't care which flavour you buy.
Since it's that time of year again, and I've been listening to the Pogues' Fairytale of New York, I'm thinking that Think Tank must be next door to the Drunk Tank...
Institute of Economic Affairs was established by Friedrich Hayek - a Nobel Prize in Economic Sciences winner in 1974.
19:35 - "that's putting a lot of trust in one book" - there are people all over the world who do just that. Insane, the lot of them!
And America is the worst. They've built a theocracy by deluding their own children with their late bronze age goat herder's myth.
Holy shit. When the video says "I'm pretty sure she's the reason it rains all the time", it started absolutely pissing it down with rain and hail outside that very moment.
The ghost of Maggie is watching. Spooky.
That the whole global warming thing messing up our weather as an alarming rate is due to neo-liberalism so its 'kind of in a round about way' right.
😀
Neo-liberalism differs from LIberalism in that Neo-Libs believe that they as individuals should have the liberty to do what they want with little to no restriction from government. It's a wonderful idea if you happen to already be privileged with wealth and power. If you happen to be poor and powerless (and have moral standards), enjoy clean air, clean water and soil, and like affordable food that's fit to eat, neo-liberalism probably isn't for you.
Liberalism had always been dual personality, you have social liberalism, it gave us things like human rights... then you have economic liberalism which is the bedrock of Neo Liberalism which aims to crush them in favor of profits
Of course she discovered north sea oil!! It was whilst holidaying on the Aberdeenshire coast, she spent a fine morning snorkeling and as luck would have it she had a massive boring tool with her... and hey presto, North sea oil was discovered. She went on the marry Dennis, the massive boring tool
13:56
The Institute of Economic Affairs is still around today, located on Tufton Street a stone’s throw from Parliament
They are ranked as one of the least transparent think tanks, meaning they do not declare their donors, suggesting they take a lot of dark money as it’s called.
They regularly send lackeys to do the morning round of politics debate shows on the BBC and elsewhere to defend the world of privatisation, the rich, low taxes on corporations etc.
Yes we must be severe with those who do not subscribe to our Group-think and anyone funding opposite views or having suspect motivation - we must not waste time engaging with the non-believers.
Really enjoyed this one,I went to secondary school mid 80s where 60%+ of the children attending were from the local coal mining villages saw first hand the misery she inflicted on Britain.
As a business owner would you still pay your workers if you were making no profit and losing money?all she did was close down failing companies that were funded by the tax payer.she did the right thing.
Let's be honest, it wasn't Thatcher that was to blame for this, it was the Labour and Union leaders, as it is now with all the working jobs going in the UK
@@robebanks5054 please refer to bailing out the banks with taxpayers money.
@@carlosdeferrer3585 the miners and Union leaders were holding this country to ransom. I well remember ‘The Winter Of Discontent’. My school closed down for weeks because the heating was coal fired and miners were striking. Strikes happened at the drop of a hat for minor reasons. It brought this country to its knees economically, earning us the title ‘The Poor Man of Europe’ because the Unions owned the then Labour government. Rubbish was left uncollected, piling up in the streets. Blackouts, and the dead left unburied.
@@robebanks5054 She shut the mines and left the workers to starve. Nothing was done to provide other jobs in those areas. The government has a responsibility to care for its citizens, but Thatcher cared only for the wealthy. The job of government is NOT to make lots of money, it's to care for society, and she didn't believe in society, only the self.
Never forgive her for what she did to the new age travelers in the battle of the bean field 1985 operation solice 😎👍
The chap whose quote about neoliberalism made you do a goog search was George Monbiot.
I think you would love to see more of his perspective on society, he's quite a knowledgeable bloke.
England and Wales are the only countries in the world that have privatised water
You've opened up a can of worms with this individual
Whilst I have always acknowledged that she was a strong leader and took no prisoners I’m afraid her policies did not sit well with me. I had such high hopes that this first female prime minister would do a lot for society and especially for the women’s movement. How wrong I was. After the end of her premiership I had an American penpal who loved Ronald Reagan and Margaret Thatcher. He could not understand that I did not care from Margaret Hilda, I told him she had destroyed society. She actually said something on the lines of there is no such thing as society just individuals. I can’t remember the exact quote and I’m sure the Thatcherited 12:39 will clearly tell me she didn’t say that, but that’s what she meant. You can still see it now. People don’t seem to care about each other and about strangers and if they do, it’s the fewer not the majority as was before her rhetoric. I’m personally feel she bribed people with the sale of the nationalised industries and would love to know if there is a study to show how many individuals still own shares in those companies and how many of those shares went to big business when sold. As someone above said a lot of those businesses are now held by foreign entities. Is that safe and could we be held to blackmail et cetera.
I have never yet rejoiced the death of somebody in my lifetime and indeed I’m against the death penalty. But at the same time I find it distasteful to witness this rejoicing of the memory of Baroness Thatcher. I don’t think we should tear down statues but I think they are certain ones should be in museums explaining the facts those people had on ordinary people.
Looking back, I feel that life at the time did feel richer financially speaking but poor socially speaking.
And as one of her predecessor mentioned the family silver. Once it’s gone, it’s gone and I think a lot of the wealth created at that time for individuals was was like life itself, transient .
Good comment. The idea that only the individual counts and no-one needs to worry about anyone else's welfare is pure selfishness and is rearing its ugly head again in the US under the influence of Trump. The loss of civility and just basic regular care for one's fellow humans that has emerged over there is just staggering.
27:00 "Quantitive Easing" - yes, they can print their own money, making it impossible for a sovereign currency to go bankrupt.
Greetings from New Zealand! I am originally from UK, but left many years ago. When people asked why I made the move I used to say I was a political refugee from Thatcherism. Trouble was Neoliberalism spread to many countries,
You are one of my top RUclipsrs to watch. Really appreciate when you stop and go deeper, look up stuff you not sure about, etc. Thanks for your excellent work. Best wishes for 2025.
Is NZ following the path?
@@TheSuzberry Neolibralism started in NZ in 1984 by the Labour Party. Known here as Rogernomics named after the Minister of Finance Roger Douglas.
@@ErraticRock New Zealand and Australia are no better.
Your first go at pronouncing Portillo is fine. He used the second one, but his parents were Spanish. One of my favorite moments in British politics has gone into history as "The Portillo Moment" (look it up :D)). And Thatcher made sure she was right that the only state money is tax payer money, by selling of everything else to her hiighest bidding cronies. Hope she doesn't rot in hell (but stays well enough to suffer propertly)
Bring back Clause 4!
Still call him Porta-loo, he should have stuck to railway history and travelogues because he's actually good at that
That Ghost Town video's going to hit a little harder now, eh?
Thought the same thing....
Like Marmite- you either love it or you hate it - no-one is neutral on Mrs Thatcher! If you hated her then, you will go to your grave hating her.
Some of the railway system is going to be brought back into public ownership, starting over the next few months. That's a relatively easy one, as the companies have contracts which are regularly up for renewal. Sadly the same can't be said in other industries which should be controlled by the state.
What's marmite ever done to deserve that comparison!
@@colettekelly3430 😂😂😂😂 Apologies!
@@carolineskipper6976 I think John Major was responsible for the cock up of the railways.
Strangely never once mentioned the simple fact... she married a multi millionaire oil magnet... Dennis Thatcher, he gave her more than just a name.
He wasn't when she married him, look at history please
Now connect the dots with your own country then and now.
People forget the wonter of discontent,rubbish not collected. Dead not biried etc.
Parts of the British railway system are starting to be re-nationalised, apparently - it's a start.
As a northerner and the son of a coal miner i could never agree with her politics but give her her due she had bigger balls than the wishy washy leaders that we have had recently.
Its frightening whats happening in the world but we need to stand together and see it thru.
One ship down is not the fleet! ❤
We the British people tried to get the song, ‘Ding Dong The Witch Is Dead’ from the movie, The Wizard of Oz to number one in the music charts, on the pronounced death of Margaret Thatcher, but radio stations refused to play the song.
@@timglennon6814 I should think so. How childish and disrespectful.
This is the difference between the left and right.
The left sing happy songs when someone dies
The right sing songs while they are in power, even though starmers BBC refuse to play it.
blair, even though he is a war criminal, and much more hated, will have no happy songs sung when he dies
The shame is on you
Welcome to the true North/South divide! There are so many metrics, but you could just hold up a picture of Margaret Thatcher and ask, "How do you feel about this person?"
I lived in Hertfordshire most of my life. I try hard not to hate anyone, but it was very difficult for me not to hate Thatcher. 😔🖖
Now, that's a bit of an overgeneralisation. I'm Southern born and bred, and I was out there cheering when she was finally put under the dirt. A lot of my friends were too.
I'm old enough to remember the glee that went round my school in Guildford the day she resigned as well.
Arent we privilaged living in London. Come to Penge. We arent.
@@adamaalto-mccarthy6984 You may want to go to places in the North or Wales. You may not have been privileged, but at the same time, you weren't completely screwed like we were, and still are
It's nothing to do with a North / South divide, she's not liked in the South either
I live in the north in a mining village a coal miners doughter,when the strike were on she tride to starve us a lot lost there homes not good times.
A complete lie. The NUM were generously funded by the Soviet Union. Oh, sorry, I forgot...Scargill didn't give it to you, did he?
The demand for UK coal was falling through the floor and hasn't recovered. Scargill wanted to wage political/class war against the state rathet than lead the miners (see 1001 vids on RUclips if you want to review the NuM strategy). Thatcher would have spent all those resources that were wasted on Policing (etc) on the miners given half-a-chance. The miners wasted their chance on empty promises from morons and wishful thinking. This is is the problem with personality politics & charismatic leaders in general (inc MT).
I also come from a mining family.
The miners became greedy in th 70s.
They were not starving or poor at the beginning of the strike in the 80s.
Quite the opposite
They were all dressed well with expensive watches and nice cars.
Their salary was better than most at the beginning.
The fact that you had to go without is because they stopped working and stopped earning.
My Grandfather was in the mines during the war, My Great Grandfather marched from Jarrow to Westminster.. They had a reason to complain, but not the miners in the 80s
I had the misfortune of growing up in the north of England during Mrs Thatcher's premiership... the misfortune was not the location but her rule. Her policies were designed to strip wealth away from the manufacturing areas of the country and create more concentrated local wealth to a select class of financiers in the south-east. She became very popular with the wealthy and consequently didn't give a damn about anyone else. Whole areas became impoverished, devoid of a chance of employment (cue the right wing tabloid "Unemployed Lazy Scum!" headlines) while the cocaine fueled yuppies flourished.
When she died I rang to ask my local MP where she was going to be buried so I could go piss on her grave. He told me I needed to head for Lands End, the west most point of England. I remarked that I didn't know she was being buried in Cornwall, and he said "she isn't, she's being buried in London, but the queue starts in Cornwall"
She turned this country from an Island mentality where we took care of each other to a me me me grab all you can.
She is still hated especially in Liverpool and Glasgow
im danish and a liverpool fan, i hated her guts..
@Galantus1964 it's easy to see why! I was just in Norway lots of Liverpool fans there as well
There's alot of us southerners that dispise her too, she was a vile individual.
And Newcastle.
@@stevebradley704 I thought Newcastle was a Tory stronghold in the 80s?
As a soldier when she came to power, she did me no harm. Always admired her determination and l, for one, never hated her.
Me neither.Great PM.Look at what we’re stuck with now.
It said people from The North could not move to The South in the 1970s;s where "jobs were plentiful" because of accommodation prices but as late as 1983, I bought this 3-bedroom home on the very edge of London with a £49 or $61 a month mortgage and a Deposit of £250 ($ 307 ).
Anyway GOOD NEWS. Like The Mines,I am going to start a Business that will make a Loss every year with no real hope of that changing and as the Government only uses YOUR hard earned money to bail out lossmaking Industries, I want YOU to bail me out so Who is in? Send Donations via RUclips👍
Much of Thatcher's views were formed during her early years. Her father owned a grocer's shop in Lincolnshire and her ideas were primarily his. She always said she tried to manage the economy in the same way a household budget is managed. Big mistake. Something needed to be done to get the economy working again, but her methods caused a lot of pain for ordinary people, as you see in these comments. Thatcher left office when I was 9, so I don't remember much. There were good times in the late 90s and early 00s, but 2008 ended them.
If that was bad to watch for you, imagine what it was like being 15 when she came to power and living up north
If Margaret Thatcher was alive she'd be 99 this festive season. But she's dead. Merry Christmas, everybody!
I wonder exactly when her dementia started because she always appeared demented to me.
🥂
It’s the season 🍻
I very much appreciated how the video pointed out that Clinton was a stooge of the same people as Thatcher and Blair. And how Blair was totally happy to work with W Bush on Iraq. All the same thing, party labels don't matter; who are the paymasters of the lobbyists and think tanks? The last UK politicians I respected were John Smith and Robin Cook. Funnily enough, I have great respect for both Roosevelt and Eisenhower
With you on John Smith, with you on Clinton being a big neoliberal too, that Third Way politics shit, although I personally did love Corbyn and the movement he started to reverse austerity, invest in people, tax the richest, build housing, people’s quantitative easing, right to own for workers and all that awesome stuff, but he became leader in a party that had been irrevocably changed by what Blair had done who in turn had been inspired by Thatcher.
Since Blair Labour has had a core of neoliberalism that’s watered it down from the actual left wing party it used to be which allowed it to be effective opposition to conservatism in the UK, and that core did everything it could to undermine him. For instance, on the issue of Brexit, he ran on a workers first soft Brexit policy in 2017, thinking of the little guys not the bureaucrats right who were locked in a debate about Remain or Leave, Corbyn just wanted what was best for the people on the bottom, so he wanted to stay in the Customs Union for instance once we left the EU. But the Blairites in Labour thought he was too Brexity, pushed him to adopt second referendum policy in 2019, it muddied everything he was arguing for, and they lost the historic northern “red wall” to Boris Johnson who promised to “get Brexit done”.
He still got more votes than Starmer though, 12 million in 2017, 10.2 million in 2019.
Starmer got 9.7 million on 33% of the vote, as many have termed a “loveless landslide”, where it was mostly a loss for the Tories than Labour winning people by policy.
@@JackMellor498 Oops! I forgot about Corbyn. Of course, the establishment hated him because he is not a neoliberal like Starmer, and was probably our last chance to renationalise ruinous failed neoliberal sell-offs like Rail, Water, Energy and Mail, and to rescue the NHS. The 2019 election was a disaster for the UK.
There's ver few people condemning Luigi Mangione or Americans celebrating his actions. We're with you.
Reagenomics and the subtle horrors of the 80s and business going unfettered into a position where bankers can dictate their earnings by purchasing any competition. Also see every Billionaire...
This is a false video heading, not everyone hated Margaret Thatcher, as with everyone who occupies number 10 Downing Street you will get a split in the country between their popularity by Conservative and Labour voters, of course Margaret Thatcher had her haters and those that loved her as well, it is ridiculous to say everybody hated her. I wonder what opinion of her these people that hated her have about the present Prime Minister Keir Starmer? He has been in Number 10 for just 6 months and has managed to become one of the worst and most unpopular Prime Ministers ever! With his blatant attacks so far on pensioners and farmers by himself and his chancellor. It would be interesting to hear what the people who say everyone hates her have to say about Kier Starmer? I have yet to find anyone who actually likes or approves of him, in fact I might also be tempted to say everyone hates him!
Loads and loads of British people will loathe Thatcher forever. She destroyed so many good things in our country which had changed so many lives for the better post-WW2.
Lots of people don’t hate her, yes she went too far on somethings, but we were held ransom by the unions and this country was on the verge of bankruptcy before she stepped in. She was for helping people help themselves and stood for a government being an instrument of the people and keeping out of their affairs unlike now where it’s being totally being reversed the last 25 years or so. Nanny state, you will own nothing and be happy and totally rely on them for money and your every thought and action or consequences occur.
Like what, she dragged this country out of decline, only for politicians to drag it back.
Great video 👍 This is the sort of video all schools should be shown might learn something!
Great reaction. Just keep in mind that economic liberalism is not the same thing as cultural/social liberalism.
No, you are right, economic liberalism works, social liberalism is a load of woke rubbish.
the last batch of nationalisation we did, wasn't paid for by cash, as Starmers seems to think.. it was paid for by the issue of Bonds
The worse thing ever to be associated with Britain was Thatcher followed closely by Brexit. I'm now expecting lots of negative responses.
As one of her own party said at the time “She sold off the family jewels”
Awful woman and we’re really paying the price now.
It was Harold MacMillan, Lord Stockton, former prime minister, and his exact phrase was "selling off the family silver".
So you would prefer to pay more to the government in rent than own your own house at a cheap rate , are u mad she never got voted out and saved 1000’s of lives shutting the mines , we wouldn’t have all these illegal people here if she was in power , wake up she put our country 1st it’s just she was well ahead of her time and people didn’t see this at the time FACT
It seems like no time passed, at all, between British Gas finding where to drill for oil and British Gas being sold off. Thatcher didn't even give it a chance. And, I'm saying this as a full blown renewable energy type, damn. She didn't even wait to see if it was going to be a societal boon. So eager to keep throwing chunks of meat to the private sector. Away with our buffer zone of social housing. Away with the public transport a lot of us were using to get to work. Away with our energy independence. Did she privatise our water, too? And then we couldn't take the time to wonder what was the best next step because now we were being taxed for merely existing.
It's one big get rich quick scheme because, for a brief period, there would have been a lot of money in the coffers. It made the Thatcher government appear successful.
Do you think we'll ever get back to some sort of stability where people are kind of happy to be alive? Will it take re-breaking the leg to reset it properly? We're in a mess.
Yeah it was MacMillian. He'd be considered a Socialist in her and today's Conservative Party.
@@MrBulky992ah thanks, I couldn’t quite remember the exact quote.
Everyone doesn’t hate her. Only some people. She definitely has a following.
Thatcher deindustrialised the UK, to undermine the trade unions, then sold off the state's assets to private institutions and foreign capital. Gave tax cuts to the rich and then expected the private sector to plug the gaps that the government no longer funded e.g. social housing. In the housing sector that didn't happen and the UK lost approximately 300k new homes per year, hence the increase in house prices, creating the illusion of wealth for homeowners. By shifting towards a service economy it put economic growth into the hands of consumerism and when people don't spend, the economy doesn't grow. One of the factors behind the "never had it so good" era was massive postwar government expenditure in infrastructure, housing, education etc. i.e. the growth wasn't driven by the private sector but by government expenditure. That government expenditure has been replaced by an increased tax burden on the lower paid, tuition fees (basically a tax on education and aspiration for the lower classes), less investment in public services and of course all the problems that come with that like crime, social deprivation, poverty etc. I'm sure some neolib will try and paint it otherwise but it's only served financial institutions.
Strange, isnt it? Thatcher, who was apparently "hated by everybody", won three consecutive general elections.
There must have been one or two people who thought she was doing OK.
I saw what was happening to the country in the 1970s as a result of the communist controlled Unions, and her landslide victory in 1978 showed that many other voters, just like me, saw that it was time to bring a new political leader into power.
I was proud that she stood up against the Fascist government of Argentina, and that she broke the grip on the country that the Unions held. A Decade of misery that took 5 years to clean up.
Then she introduced a new set of workers rights to reduce the need for strikes, by preventing unscrupulous businesses from exploiting the workforce, balanced by rules preventing sudden, destructive strikes.
Alongside this, there was the privatisation controversy, although at first there was little controversy. It was only when the privatisations continued that I thought it was going too far.
And finally she started believing in her own propaganda, and she was replaced by her own party.
She never lost a general election as party leader.
Americans cling to the word liberty. Britain lives it.
Some people thought that Margret Thatcher and Ronald Reagan were having an affair. 😂😂
I hope he didn't mess up her hair. 😂
She is the reason our country's finances are a mess. To this day our finances haven't recovered. And she has also inspired conservative politicians to do the same thing after her.
I suppose that's nothing to do with Labour bankrupting the nation EVERY time they are in office. Tories mop up the mess.
She is not the reason this Country is in a mess. The four horseman of the Apocalypse:Blair, Brown, Mandelson and Campbell are responsible for what’s gone wrong in this country, from lying in Parliament and seeing up a dossier to claim WMDs to start and illegal war in Iraq, to welcoming in the private sector to the NHS, and the abuse of PFIs, resulting in a £350 billion debt that will cost over a £trillion to put right. The private sector subsequently ripping of the NHS & tax payers, something Thatcher and the Conservatives would never have dared to do.
And they began mass-immigration policies which have led to 50,000 suspected terrorists on security watch lists which are impossible to police. Thanks to Blair et al we can’t even deport them because he embedded human rights into the ECHR, handing power to lawyers and quangos. Margaret Thatcher was a patriot, and as she once said: ‘The first duty of a PM is to protect its own people’. Give me her over Blair and Labour any day!
BS
The governments that followed MT enjoyed her legacy and then spent it I can assure you the 90s were far more prosperous than pre-Thatcher. The downturn has really been noticeable from Blair/Brown onwards. But she was far from perfect, just better than average.
Are you having a laugh?
Do you even know what kind of state our country was in before Maggie became PM?
We were on our a$$ in the 70s, having to go cap in hand to the IMF.
Yes, of course there were years in the 80s that were dire, especially the early 80s recession, but Maggie took us from being the sick man of Europe to being one of the richest countries in the world again, during the mid to late 80s.
Economic growth was at 5%.
Thatcher overcame Galtieri, Communism, Scargill, and won three elections. Then, she saw her policies adopted by the opposition.
She was outstandingly successful.
She was the the kick ass Britain needed at the time, sadly that time has come again, weak leaders who mostly study Philosophy and Economics have now ruined this country.
I DONT HATE HER. She was a legend!
Royal Mail has agreed to a formal takeover offer for the 500-year-old organisation. Czech billionaire Daniel Kretinsky has firmed up an offer of £5bn, this is this week's news in December of 2024!!
Though she did do a lot of bad shit, she did do two good things:
Declared war on Argentina, which no one else would have done. Anyone else would have given up the Falklands and made the UK look weak.
Introduced the "right to buy" scheme, which allowed social housing tenants to purchase their council house for a substantial discount. These houses then increased in value exponentially, making these people rather wealthy.
She wasn't all bad.
She underestimated the greed of private companies.
She took on Argentina for the Falklands.
She is still correct about Mandela and the ANC.
"everyone" Everyone on the left maybe. She's was a hero to half the country. What you don't hear in many of these videos is that Wilson (Labour PM) closed more than twice as many pits as Thatcher did. But that was fine, because the Unions that fund the Labour party didn't kick up a fuss when it was Labour doing what had to be done.
Hi JJ, not everyone hated Maggie Thatcher.
She was very much what the country needed to put it back on its tracks.
I come from a mining background where my great grandfather marched from Jarrow to Westminster. This was a time when labour was needed to correct injustice.
When Maggie came to power, the miners had become greedy and were blackmailing the country by striking for more and more pay.
Look at the beginning of the strikes and they are all dressed well with expensive watches.
Maggie stood up against them and stopped the unions from this greedy strike action that devastated our country in the 70s before she became PM
EXACTLY there is no ACCOUNTABILITY
Glenda Jackson's take down of Margaret Thatcher and also Dennis Skinner's speech is well worth a watch. Of course, the Conservatives didn't like what they were hearing.
"That's putting a lot of trust in one book" as did the German citizens with Mein Kampf.
Thank you for your commentary on this video - you really help to clarify his points.
Now we’re stumbling blindly into stakeholder capitalism, led by the WEF.
The filter you are viewing this all through has zero idea what it was like living his socialist utopia in the 1970s, he wasn't there. We, the UK, had to go to the IMF for a loan.
She is responsible for the state of northern England!!! I come from a town that was not only a Mining Town but also a Fishing Town!!! Now neither of them is true thanks to that cow!!!
Pure evil.
No, you represent "pure evil" with your desire for the government to control every aspect of people's lives.
Jimmy the giant makes it so fun to learn… and I’m 39 and from England! 😂
Depends who one asks.... To many...Thatcher was the Greatest Prime Minister Britain ever had and everybody since has been on that rebound. Marr called her the most influential politician ever.
this is so depressing, and a very eloquent summary of where we are. Always follow the money; the billionaires did not like the poor improving their lot via principled compassionate politicans, which is why we can't have an Aneurin Bevan again. Contrast and compare him (main force behind establishing the NHS in the UK) with Wes Streeting (a Starmer cabinet neoliberal stooge).
Maybe a touch 1 sided and reductio ad absurdum for my liking. What condition was the country in prior to her election? Why did those poor people keep voting her in despite her being 'hated'? She seems an easy scape goat for many with a bucketful of modern-day judgemental hindsight. Are you going to react to something from the opposite faction, @JJLA Reacts ?
Very festive video JJ 😂
did Starmer stop wearing his highly influential designer glasses
I fled the country in 1986 CE as a result of Thatcher's policies - no future indeed! And now for a musical interlude: Elvis Costello's "Tramp the Dirt Down" ruclips.net/video/9t4-zDem1Sk/видео.html and UB40's "Madame Medusa" ruclips.net/video/2MXHA4vPGlY/видео.html
he skipt past 1966 when Scotland hit oil and thatcher used it to build up London's economy
leaving scotland still poor .
scotland is one of Europe largest petroleum producers . with the discovery of north sea oil transforming the Scottish economy. OIL was discovered in Scotland's North Sea in 1966 . with first year of full production for Scotland taking place in 1976 , because thatcher built London's economy on Scotland's oil first Making London the power house instead of Scotland.
Thatcher stole Scotland's OIL
It good to find so much solidarity on this thread.
Well ever since it was announced that Keir was okay with freezing grannies to death I'm no fan that's for sure.
Love that there's a Christmas song about it though, that dark brit humour coming through again lol
Starmer won't change a thing, he's neoliberal through and through, and an establishment man to his very core.
You looked up Enoch Powell during the skin head video.
America led the world in economic growth in the 1950s.
Partly because a lot of the productive capacity in Europe and Asia had just spent six years being bombed into oblivion, which didn't happen in America.
Re the "She thinks she's the queen", Pound coins when introduced were nicknamed "Thatchers" as they were brassy (in colour) and thought they were a sovereign (the closest predecessor coin). It didn't stuck as 'Quid' was already in long standing slang for a "pound"
Welcome to my adolescent born in 67 in Liverpool!.
and here we go again!
'Governments don't make policy - Central Banks do' - Liz Truss
The UK economy still hasn't recovered from 2008 - of course compounded by the BREXIT self-mutilation following by brutal corruption and government overspend during Covid and now the Russo-Ukrainian war. It never ends.
Unfortunately, not everyone did hate her.
On a side note, she died on my birthday!
This time last year, I would have described Margret Thatcher as the most hated Prime minster that the UK ever had.
But now...Donald help us 😞
Truth is she made the poor poorer. The rich became richer, until we have the system today in the UK. (Are you taking notice USA ? - you have it even worse, from Reagan) And although I bought my council house, back in the day, because the money that was accrued from selling off social housing wasn't put back into building more social housing it caused the major housing crisis we have today.
All this stuff will happen again. People have short memories.
I remember her…. Unaliving 😂 (I’m Australian)
Elvis Costello has a song about Thatcher released while she was in power called "Dance on her grave"!
Neo liberalism and neo con, is the same thing. The liberalism in this case means removing rules and regs for banks and the market. Basically conservatism.
This whole „The state can only spend what it takes in in taxes“ is total nonsense (at least for states that control their own currency).
What’s true is that states can only take in in taxes what it has spent first. In contrast to private households states create the money they take in in taxes (taxes are basically a way for a currency to have value as you need to pay your taxes in said currency - you can think of taxes as destroying money that was created previously by a state)
A simplified example to explain that can be found in the game Monopoly. At the start the bank gives out money to the players (it takes on debt). The players pay the bank with that money. Would the bank pay off all its debt there would be no money in the game anymore. (this is simplified but you can see how the debt of the Monopoly bank [the state] is the wealth of the players [citizens])
A problem only arises if the state creates more money than physical wealth can be created (for example because of a lack of resources, labour, …) in which case inflation is the result.
To put it in Keynes words: „Anything we can do, we can afford
Side note on „Liberalism“ as a word: In the US it has a different meaning (loosly „left leaning“) than in most of the world where it basically is either the economic philosophy described in this video or just means „free“ as in the propagation personal and economic freedoms (which is more of the political side of it) and is more of a „center right“ thing. The „liberals“ typically stand in between the Labour parties and the Conservatives of their respective country ideologically. Normally they are socially progressive and fiscally conservative.
The paradox of ideologies (and partly that's why I don't like them) is the ecomnomical ones' meaning is usually exponential as compared to the cultural/statutory/moral ones (sorry for the mixed metaphor)
Scotland's water is still in the hands of the scottish people
She is A female version of Cromwell MP of the UK in 1651
He's so right about ownership of the utilities... 😪😪😪
The mend is on.
There’s a negative feeling from the right wing press, but after Johnson and Truss, the country needs a break.
Nothing worked here during the final years of the Tories, but things are beginning to happen.
Rail renationisation is happening, Great British energy is on the way…..
PLEASE DON’T LET MUSK GET IN THE WAY. It’s our democracy.
Leftists are not "everybody."
Thatcher won three sizeable majorities in a row (1979, 1983, and 1987) and was the longest-serving British PM of the 20th century. That obviously would not have been possible if everybody hated her.
She did have periods of deep unpopularity (notably during the recession of the early '80s, and after the poll tax in the late '80s). But her reputation 30 years later has actually improved. A 2019 YouGov poll showed most Brits considered her the greatest post-war prime minister; 44% thought Thatcher was a "good" or "great" prime minister, while 29% thought she was "poor" or "terrible."
That means that as recently as 5 years ago, more people actually seemed to *like* Thatcher than dislike her.
Augustus Pinochet was good friends with Maggie so explains a lot.
Neoliberalism - It's the same thing I think as some of the Neanderthals on t'internet saying that the nazis were socialists and not fascists.
the word SOCIALIST is in the word NAZI (National Socialist German Workers' Party)