Privatisation and The Crusade of Popular Capitalism

An overview of the privatisation of British Telecom in 1984 under Margaret Thatcher's second Conservative government and the flurry of privatisation of state-owned industries that followed - an initiative the Prime Minister called "the crusade of popular capitalism".

Category:

News & Politics

Tags:

• Margaret
• Thatcher
• Thatcherism
• British
• Britain
• Politics
• History
• 1980s
• Privatisation
• Capitalism
• Free
• Market

[daconqueror101]

I love how everybody who is complaining about privatization here is using internet provided by a private company, is watching youtube which is a private company and is using at their privately made computer. And look at all the freedom that they have that hasn't been taken away by the evil rich. I mean, can you imagine a private company showing videos online? They would only show videos that praise the rich! Maybe youtube should be nationalized! You guys are ridiculous.

[UnitedBritannia]

@daconqueror101 Excellent point, so well made. Ridiculous is the only word to use!

[BLUESGUITARMANIAC]

@daconqueror101

the Internet.

If the power of and vsted interest MONEY didn't matter as you are saying,and that people who have it are just misunderstood,then WHY is the production and hoarding of it always at the cost of the people who DON'T have it?

[BLUESGUITARMANIAC]

I would be more convinced about the supposed benefits to society at large if EVERY household in the country were given a proportion of the 3 billion shares issued.

The fact is that Mrs Thatcher didn't believe in society(except for the people who had money of course)and that this privatisation gave the bigger hogs the pride of place at the trough in what predictably became a free for all.

[BLUESGUITARMANIAC]

The only problem with 'Popular Capitalism' (the creative and INGENIOUS use of language is the only real selling point from this era-the fact that Charles sattchi is in this clip lauding this idea to the heavens contributed to hoodwinking the public at large) at the time, is how people who knew how to CAPITALISE and knew how money worked benefitted more than the general public who this was supposedly aimed at.

[BLUESGUITARMANIAC]

@seppsters Why?

[mikesheen741]

@324wilson I think it's called "tory tory tory".

[324wilson]

Can anyone tell me the full title of this documentary?

[324wilson]

@daconqueror101 I was thinking the very same things when seeing these absurd and baseless comments! You should read this wonderful new book "Why Margaret Thatcher Matters" by Claire Berlinski.

[atosafi1]

@daconqueror101 "My goal in life is to make life more pleasant for the vast majority, I do not care if it simultaneously becomes less comfortable for the wealthy minority." Joseph Chamberlain

[daconqueror101]

@atosafi1 The only way the state can give you something for free is if it takes the wealth produced by one person and shares it with you or if it forces a slave to produce something for free. Forced slavery (involuntary work without compensation) is an obvious violation of personal liberty and spreading the wealth is the confiscation of the fruits of ones labor. Socialists assume that capitalists are anti-labor. On the contrary, we are the ones fighting so labor can keep what it EARNS.