Politics and Insights

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The catastrophes of Margaret Thatcher:

  • Thatcher was responsible for two recessions that were driven by ideology and deliberate policies. Although inflation needed controlling in 1980, the government deflated the economy too much – chasing money supply targets which were unreliable. The cost was poverty, suffering, unemployment and social disorder, which was avoidable.
  • The 1980s saw a return of mass unemployment –  such high levels had not been seen since the Great Depression of the 1930s.
  • Thatcher instigated a series of “free market” decisions that deregulated government control of the processing of animal feed, and thereby allowed the spread of bovine spongiform encephalopathy (BSE), known as “Mad Cow” disease. The government had been made aware of the risks to public health. It is certain that the Thatcher government, in the face of the serious threat of infection, did not take the necessary public health measures to protect food and feed supplies. In fact…

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