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Thatcher transformed the free market.

  • Writer: Stephen Hornsby-Smith
    Stephen Hornsby-Smith
  • 3 days ago
  • 3 min read

Abstract artwork with colorful geometric shapes and black outlines. A circle with intersecting lines is in the top left corner. Bright and vivid.

Thatcher did define the free market, not just in the UK, but she soon adopted globalisation of the neo-Liberal markets at her own economy's detriment! She has been eponymously remembered for her 'privatisation programme', but little credit has been given to the circus master Nigel Lawson and his 'Big-bang deregulation in the City of London. Unfortunately, Thatcher wasn't around in government to see the end of the Cold War either, but she might have to take some responsibility for the transfer of investment out of the City of London to finance a new epoch of Russian post-Cold War frontier spirit of unfiltered capitalism. Here, began the origins of Russian led nationalism and pan nationalism, where Oligarchal multiple Corporate fixation of the rekindled Russian Bear that would indicate that Nationalism was to succeed Sovietism in Russia, and in Soviet China which adapted Marxist rivalry with USA Commerce and finance, by encroaching on Western terrain, even in the West's backyard!!?? Chinese entrepreneurialism was by 'an edict' by charismatic authoritarian coercive patriotic Chinese duty to serve in the West and bring back upgrades in tech and AI, as well as polyglotism to make China a global capitalist player as well as the centre of global Marxist Leninism!!??


Thatcher may have gotten wind of such changes after her privatisation programme failed to convince a change to a permanent nation of stockbrokers, shareholders that could enjoy the fascination of equipping themselves and becoming globally literate and market savvy! British Gas, BT, British Airways etc. all offered by being sold to the private sector potential shareholders a quick profit but did not inspire the nation into a wider investment, they preferred to invest them in their local bank! No wonder she sought a bigger stage to relaunch global neo liberalism and the opening-up and deregulation that she had won and then lost in terms of her reputation!! The Credit Crunch, Liz Truss' bonkers economics and Thatcher's ideological transference to the global system in order to prove and improve her theories have left the Tories compromised and divided about Tory priorities. Indeed, such economic structural philosophical failures have only increased limits, stresses and tensions between the free market advancing the UK or the global system that may not work in the UK's favour. .


But Tory dilemmas have actually been the making of Trump's Tariffs as firstly a nationalistic protectionist policy that will pay off big time once enough relocations of companies from abroad to USA to avoid the tariffs happens, to secondly deregulate and abandon Tariffs to get foreign stuff in America on your doorstep inexpensively, can reward such Triumphant bullying as an economic strategy that may never catch international business so cold ever again!! So, Protectionist provocation by the biggest bloke in the room and then free market the crap out of it to lower prices in America and raise prices for say French products to be made in America that can only be sold back to the French at a higher price after transport costs etc The world will be ready for you next time America!!


Indeed, the mythologising of Trump is often made by his deliberate staged ambivalence, to keep people not just on their toes but genuinely he likes to improvise, much to the exasperation of the world, and all those U turns?? Doesn't he just flood the zone? He wants to be Mr unyielding and yet Mr Peacemaker??!! Tariffs and the free market just for MAGA!!?? But hasn't he led the crusade to pan nationalism with other like-minded world leaders or their opposition party leaders? Trump says save US Steel, the UK and Reform nationalise Steel to retain our independent supply of Steel and not be dependent on Cheap Chinese imports! It seems that only how to pay for Steel in the UK has taken an ideological rejection by Labour of Reform's policy to pay for it by privatising the NHS!!??


Nationalism is acquiring more connections with not altogether right-wing values, and being able to defend the great institutions of the UK gives so much more access to public duty and loyal service to your country! It must be an honour to fulfil that responsibility no matter which side of both of the Houses of Westminster and yet retain your political values without compromising what you were elected by your constituents to represent! Who said politics is full of mutually hostile polar opposites, when there are certain issues which transcend your philosophical tram lines and preferences and your constituents own agenda!????!

 
 
 

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