Margaret Thatcher: Globalisation and the Next Move Foward

[Fillerosopy]

With or without free market principles, our corporate masters have conquered us already.

[SomeUser9753]

Oh she's been a fine fuck. Luciferian bitch. Hate this low race of theirs. We believe the bible that's all. That's right this is Marx's philosophy go mary get them, it's all a lie right, even communism. So what about zero point energy and the bases on MArs we have, ehy no thinking the real way.

[KangaKucha]

then why are you agaist the EU?

[324wilson]

@KangaKucha One can trade without having to give up its sovereignty through Lisbon Treaty and such.

[KangaKucha]

@324wilson far enough, but uniting doers work does it not?

[403766]

@KangaKucha

Because they take our money.

[KangaKucha]

@403766 un huh

[Bakkermman]

@jaguarclaw US FED is printing money, EBC is printing euro just to cover expanses for welfare state, I m guessing my government and Yours is doing the same because the exchange rate is the same. China is keeping its currency artificialy low and its not a secret it has to explode at some point.

[Bakkermman]

@jaguarclaw if You want financial advice - but gold and silver bars. Their price is gonna only go up. Im involved in financial market and I feel very bad to say that - Ron Paul, Bob Chapman, Gary North, Peter Schiff, Warren Buffet are pretty rigth.

[Bakkermman]

@Bakkermman buy*

[Bakkermman]

@jaguarclaw Socialism leads countries to bankruptcy. We did not have a real crisis yet. A real crisis is comming, currency crisis and this is because of government interference. You dont need public schools etc, without them you would have much more money to choose to what school You wish to go to or send Your children to. Thats only one example. Welfare state only in the begining looks good and in few years time we will see why.

[Bakkermman]

@jaguarclaw The x-prize was 10 mln dollars - that very low prize for a space ship. Won by the private company not by a university.

[Bakkermman]

@jaguarclaw Wealth is created by people - NOT GOVERNMENT. Milton Friedman talks about it in "free to choose", bad government policy always leads to crisis. This video is available at Youtube , as I recall it starts with arnold schwarzenegger talking, so don't get scared :P

[Bakkermman]

@jaguarclaw in 1979 when Margaret Thatcher came to power you had the same problems as we still have here and don;t belive what they say that there is a ELdorado over here...

[Bakkermman]

@jaguarclaw low taxes, low interference of the state - peoples freedom is enough to create a well prospering country. Check Milton Friedman "Free to Choose". I don't feel like I can explain the idea of freedom any better than him.

[Bakkermman]

@jaguarclaw “Of course we must fear evil men, but there is another evil that we must fear more… and that is the indifference of good men.”. What more to say, You need to understand that government doesn't create wealth, it only has a printing press nothing else. The idea of socialsm is to redestribiute wealth that one has created and/or earned and this is not right. I only wish we will have a Margareth Thatcher of our own here in Poland.

[Bakkermman]

@jaguarclaw ofcourse it did. THE US GOVERNMENT started a policy where it insured peoples (Fannie Mae) money credits for homes, so banks did not worry about giving money to everyone (and by everyone I dont mean the poor, because it was the smartasses that profited from that mostly). US government created this crisis by long term irresponsible money policy. And mark my words - we are still following this policy (US and UE) and a bigger crisis is ahead of us - currency crisis....check ron paul...

[gbz82]

the anti-capitalists want all the fruits of capitalism, but none of its risks and costs. Socialism is not a theory, its state of mind.. of hominid parasites. As for britain's financial crisis, well, thats what happens when you have former marxists and closet socialists running the show.

[pimpUK1]

@gbz82 too true dude, too true.

[shades2]

@jaguarclaw Welcome to the real world. Nations haven't been sovereign for quite some time, if you have money you can buy your way in anywhere and influence political processes.

[shades2]

Why should tax-payers bail out private sector screw ups if we are dealing in a non-socialist world? Tax-payers should not prop these guys up, they should fail like everyone else that makes stupid mistakes.

Any small business owner will tell you how tough it is and in most cases no-one is going to run up and save their business if it has a rough patch or a bad decision is made.

[shades2]

@davidg1234 The private sector cannot be totally free, it must be accountable, or we are going to have a Global Financial Crisis every 6 years...

Effectively what many have done is theft, but legally they are insulated, and can now not be brought to account due to a lack of regulation and the corruption of the rating agencies etc. The companies that employ these guys are so embarrassed they would rather buy them off than see them prosecuted.

[UnitedBritannia]

@jaguarclaw That, of course, results in some very strange practices and I would argue that such attempts to warp the free market to suit political ends certainly played a part in the eventual crisis. But not the only part - this was also a result of an uncontrolled boom inevitably turning to a painful bust. And yet again, we see politicians eager to win re-election and seeking an easier life, actively encouraging this boom. The politicians are as culpable as the individual bankers, more so even.

[UnitedBritannia]

@jaguarclaw And it is that banking model that has been at fault, not capitalism per se. This is a very important caveat to all this and frequently gets lost amongst all the populist "banker bashing" (most people think of bankers and capitalists as one and the same - they're not). The Clinton policy is a part of this wider problem whereby left and right-wing governments (Bush was just as bad at this) attempted to force communitarian outcomes from the (by then, entrenched) Free Market system.

[UnitedBritannia]

@jaguarclaw But in Britain, under Labour, the financial services came to be seen as a cash cow to fund the expansion of the State. Gordon Brown took away the government's lever of economic control by making the Bank of England independent and then setting up the worse than useless tripartite regulation system. This led to short-term profits, but all pragmatism of the previous Tory administration went out the window as Brown propped up an increasingly dangerous banking model.

[UnitedBritannia]

@jaguarclaw Thatcher and Reagan's economic policies were designed to solve the specific problems of their time - (overly simplified here as) ever increasing govt. deficits, forcing perpetually higher taxes resulting and a decline in private enterprise resulting in 'stagflation'. The policies, overwhelmingly, worked to resolve these specific problems (the evidence is clear).

[UnitedBritannia]

@jaguarclaw You are attempting to totally misrepresent what I have said. Of course the recent financial crisis cannot be explained as the result of Clinton's home-ownership policy - it's one of the most complicated and convoluted crisis' of recent history - but that doesn't mean such a policy is insignificant because it points to a wider problem.

[antonjon1]

Thanks Maggie for turning us into a plutocracy, weather that was your intention or not, it is your lasting legacy.

[pperezklein]

@lausanne67 Moral decline? For the first time in decades, Britain was truly moral, because the government protected individual rights: life, liberty and private property, and acted according to one principle: government shall not initiate force on its citizens. The consequence of the application of this principle is CAPITALISM.

[johnblack627]

She is one of the most brilliant women in history.

[doublaar]

Who talks like this.

She certainly is a freak of nature.

I dont like her sorry.

Didn't want to hurt any ones feelings .

pussies!!!!!!!!!!!!!!!!!!!

[Jet735]

Good god. She's certainly good!

[davidg1234]

Thatcher saved Britain from socialism and showed the world what was possible if we begin to set the private sector free.

Labour abandoned her good work and squandered all of our money on convoluted schemes like Tax Credits and NHS salaries. We will be paying the price for a long time. We need a new revolution to empower entrepreneurs and individuals just like Thatcher did. It is the individual that creates wealth, not the Government.

[lausanne67]

The irony is that New Labour accepted the Thatcherite ideology at its core - ie, the emasculation of the trade unions, the destruction of the industrial backbone of Britain (and the communities that were sustained by it), so-called "Free" market economics, and the insidious extension of privatisation in all its grubby, avaricious forms. Only the BNP has a principled policy of opposition to the dominant ideology of unfettered, selfish, neo-liberal economics and privatisation.

[billydeeuk]

Oh dear.....I was with you right up until you started ranting about the BNP.

[lausanne67]

@billydeeuk Interesting that you agree with a BNP analysis - but recoil at the BNP itself. Even more interesting that even though I only mention the BNP in the last sentence, that apparently constitutes "ranting about the BNP"! If you agreed with me up to that point, which party WOULD you find to represent that point of view - certainly not any of the three main parties - all of whom accept globalisation, free-market economics and membership of the EU.

[billydeeuk]

@lausanne67 Not at all. I agree with you that NEW LABOUR continued the work of THATCHERISM. That is a historical fact. Any history book wil tell you that Tony Blair abolished Clause Four at the 1995 mini-conference to help the party move from the Left to the Centre. The reason I said "ranting about the BNP" is because you DID launch into a party political broadcast, albeit in the last sentance. As for my political persuasions - for my sins, I vote Lib Dems.

[lausanne67]

@davidg1234 Had to laugh at your idea that "socialism" existed before 1979! And if you can't grasp that for all New Labour's state intervention in the social/cultural sphere, they essentially adhered to the ECONOMIC liberalism (ie, privatisation, contracting-out, outsourcing to cheap labour countries, PFI, independence of BoE, commitment to globalisation and the unfettered right of capital to move where and when it wants regardless of the social consequences) that was the heart of Thatcherism.

[Luvmypets123]

Thatcher, Thatcher, milk snatcher.

Stole infant school milk.

Now it's pay back time , Thatcher - you brittle boned bitch.

[jinkedful]

heres an idea, go fuck yourself.

[gkgreger]

2) Washington is run from the City of London. John Perkins wrote a book called Confessions of a Economic Hit Man. He talks about this Empire. He has videos on YouTube. The only way to change things is to support real American leadership. We Must Return back to a FDR Style Government where our Government runs and works for the PEOPLE and not Wall Street & the City of London. LaRouche is the only leadership that provides this and he Must be supported! google LaRouchePac Home

[gkgreger]

1) The reason the world is in Turmoil is because we are living under the rule of a Empire. Free Trade Globalization is a Empire. This Empire wants World Government and World Order. This Empire tried to put World Government in by force using Hitler. They failed. They changed there strategy and are putting there World Government and World Order in threw Free Trade Globalization. People thing the British Empire died after WWII. This is a lie. They EXPANDED.

[darlingelf]

Every absurdity of industrial civilization is apparently justified by rationalisations like these bleeding-heart appeals to "jobs." What about restructuring the economy so that less prestigious but more meaningful and ecologically sound occupations could thrive? But conservative market liberals are not interested in planting trees or weaving baskets. They think it backward to have something made with human hands when it could be manufactured by the shitload in an industrial complex. Sad cretins.

[pperezklein]

I should have been so lucky to have lived in Britain in the eighties. It seems to have been a period of time and a place with a very large measure of freedom and prosperity. God Bless Margaret Thatcher

[lausanne67]

@pperezklein Yes, it was - if you had lots of money and a greedy, materialistic disregard for anyone else. Believe me, I was there and saw it. The roots of Britain's moral and cultural decline were sown in that gaudy, vulgar decade. So enjoy the privatised, Americanised, dumbed-down, "Me Me Me" society of 2010 - by doing so you are carrying on the nastiness of the 1980s.

[dlk1dlk1]

Is she acting there?

[tondabone]

They moan about having to nationalise, but they put the blame still on the thatcher government that actually denationalised the country.. People have a right to own their own shares not for them to be collected in a state controlled manner. How they conduct their finances is down to them. It is not down to the government to bail them out. If we can support the strong capitalised banks then we can allow prosperity to begin again and rule out the inefficiency that has got us into this mess&debt

[tondabone]

I think people should remeber which government is in power right now before they publish their messages to put the blame on Thatcher's government for the credit crisis today. Perhaps it's true to say that capitalised banks of which have gone under did so from their mistakes. But what do these people expect? That a great Labour reform of nationalisation would of been the trick? Rubbish! I've read messages; 'Now we have nationalise', the irony is thats party they have been fighting for to do!

[misterpeaky]

Its sad, in retroperspective this Prime Mininster was way ahead! Genius!

[mizofan]

a fair commment on pragmatism, UnitedBritannia- i don't want to be too unkind but i'm a loony lefty with 29 years of pent up frustration. I despise Blair + Brown , Maggie admirers, precisely cos they chose to carry on down the thatcherite line, cosying up to fat cats and turning their backs on the poor, socialism a dirty word. I'm no fan at all of new labour. The one thing i really approved of is mentioned here, slated by Maggie, the minimum wage. And it showed her scaremongering was unfounded.

[UnitedBritannia]

Well - I agree with you that New Labour are to be detested. They have done great damage not only to Britain as a whole through thier disasterous mis-handling of the economy (remember they were handed a sparkling economy with public finances in excellent shape in '97) but they have done much damage to British democracy and our faith in it. Not to mention the damage they've done to the Union through the careless implementation of devolution - all for the sake of easy political expediency...

[mizofan]

Its Thatcherism that's led us into this catastrophe. The sick ideology is dead, killed by the greed at its heart. And nationalisation having to bail us out. A pity she's too far over the cuckoo's nest to see what her legacy is now.

[UnitedBritannia]

I must disagree. The problem with your assertion is that the Conservatives haven't formed a British government for 11 years now. Are you seriously suggesting that the failure of government institutions to properly regulate the money markets over the last decade is Margaret Thatcher's fault?

Ideology is not the cause of the problems we are seeing in the economy today - it's more practical than that. We British have a proud history of pragmatism and it's exactly what we need now.

[felixfaster]

I agree completely. Un the US, if pragmatism had reigned, the whole Freddie Mac and Fanny May catastrophe would not have happened because people who could not afford homes would not have tried to buy them.

[UnitedBritannia]

I was reading a fascinating article about how Clinton's administration had actively encouraged irresponsible mortgage lending in the banking sector during the '90s. The goal was admirable - to improve home-ownership amongst minorities - but the long-term results very damaging. Bush has his part to play in this crisis, but there is no obvious villain here. There's no such thing as a free lunch - and the world has been eating out for free for over a decade. Now it's time to settle the bill.

[felixfaster]

I have also heard of that. It saddens me that most people in the US will never look back into history for their answers, choosing instead to blame whatever the media or the liberals throw at them. I wonder what would have happened had the US tried to implement Thatcher's home ownership policies. How did hers works?

[Scoforever]

Community reinvestment act. It started in the Carter administration and was championed by the Democrats.

[Garhunt05]

Republicans had a majority in congress from 1994 to 2006. not major but they did have it. they probably could have attached it to another bill pertaining to the housing market but they didn't.

[Scoforever]

Sorry. I hadn't researched the whole topic so far. I now believe that it was caused by the Federal Reserve. Something supported by both Republicans and Democrats.

[lausanne67]

@UnitedBritannia In other words, like so much else that's wrong with today's society, the cause was the pernicious ideology of Political Correctness.

[ViHanai]

No pragmatism can resist the impetuous, generations lasting, "American Way of Life" political-marketing campaign.

[tuesdayx99]

Don't buy into that nonsense about Thatcher being demented! She's not. They just don't want anyone thinking that she sees clearly now how her policies ended up almost destroying the financial system from the inside.

[tuesdayx99]

This speech is hilarious given what has happened to the global financial system in the past few weeks.

[gopconservative94]

Thatcherism=capatalism at its best!