Your programme tonight “Margaret: Death of a Revolutionary” Makes the BBC “Ding Dong” partiality dilemma look trivial. So many Tory wets were far too keen to praise her so long after they kicked her out.
I kept waiting for the corollary that never materialised in your so-called "radical feature length film about a radical woman" broadcast tonight?
What took my breath away was the assertion that “The rest of the economy took off” after the miners were defeated.
What followed the closing of the mines and all other manufacturing industry was the sale of anything in public ownership,
- 50% of North Sea Oil, was given away to the foreign oil companies. 50% went to the treasury.
- Public housing stock was sold off.
- The Public Utilities, Telecommunications, Gas, Electricity, Water, were sold off, creating new but temporary share holders. In due course those share holders took a short term easy profit and allowed the shares to pass into foreign ownership.
- And of course the City of London was sold off to American investors with an American bonus culture and we all know what that led too.
So all of the above became “privatised”, meaning no longer owned by the state. and not even in British ownership.
Sir Keith Joseph warned against this asset stripping twenty years ago, but Thatcher's politically expedient knock down Sale was never intended to be reversible. This was a nuclear solution.
Ironically, some loss making banks were taken into public ownership to protect the foreign investments in "British" Banks.
The receipts of Thatcher's asset stripping paid for the record high in unemployment under Thatcher. She promised to reduce the unemployment she inherited from labour, but then tripled it to a record high which has not yet been repeated.
Now, there is little left of Britain to be sold but for the air we breath or the space we occupy. New Labour and now the coalition, continue to chip away at the NHS and Education with further privatisation.
Thatcher created the cynical house keeping metaphor for the treasury of the nation state. This was the opium she fed to working class people, with the assistance of the Murdoch press to get the working class on her side.
The lucky ones made a killing in the City and some acquired a council house, as an asset as well as a home. Others did not. Thatcher created divisions in working class families and it was bound to end in tears because greed is so ugly.
This week Kenneth Clark argued that Thatcher fought the unions because they went on strike to increase their wages. Some might say that was an obvious thing to say, but then Bankers do not need to go on strike to increase their wages, and some might say they are on strike because they are not investing in British Business. And that is the world created by Thatcher.
The miners would say now, and did say then, that their strike was an existential strike.
The foreign bankers however cannot fail to exist, in Thatcher's world.