The likes of her we won’t see again. “Margaret Thatcher was the only British prime minister to leave behind a set of ideas about the role of the state which other leaders and nations strove to copy and apply. Monetarism, privatisation, deregulation, small government, lower taxes and free trade — all these features of the modern globalised economy were crucially promoted as a result of the policy prescriptions she employed to reverse Britain’s economic decline.”
Lady-like but no stomach for the weak sisters on the Continent. (Don’t you love the oozing contempt?)
Is the U.S. going to do something or just stand there? “North Korea said it intends to withdraw all its workers from an industrial park jointly run with South Korea and is considering closing the complex permanently. That would leave the last remaining symbol of inter-Korean cooperation close to collapse and mark a significant exacerbation of tensions on the Korean peninsula. The move, coming as Seoul continues to face a barrage of war threats from the North, provides a fresh challenge for new South Korean President Park Geun-hye’s pledge to improve ties with Pyongyang.”
Not going to make Sen. John McCain (R-Ariz.) happy, for sure. “Sen. Mike Enzi (R-Wyo.) on Monday joined a group of Republicans threatening to filibuster gun control legislation in the Senate.”
For how long will the administration pretend its Iran policy is working? “Iran has announced that it will open two new uranium-processing facilities on Tuesday as Western efforts to convince Tehran to abandon its nuclear program ended in failure last week.”
Turning Britain around was no small feat. “Just compare the real per-person GDP performance of the UK economy versus the French economy. One nation in 1979 started to again embrace markets, the other did not. Brits went from being 10% poorer than Frenchmen to being 10% richer. The lady was not for turning, but thanks in great part to her policies and determination, the economic fate of the UK and the West was.”
Missed by not only Britain. “In 1975, as the newly elected Tory leader, Mrs. Thatcher interrupted a speaker urging the Conservatives to take a ‘middle way’ on a variety of policy issues. She pulled a copy of Hayek’s ‘The Constitution of Liberty’ from her briefcase and slammed it on the table, exclaiming, ‘This is what we believe!’” … Mrs. Thatcher was a political pugilist, but she fought for the ideas of freedom and human liberty.” In her briefcase, no less.