The world has suffered a tremendous loss with the passing of former UK Prime Minister Margaret Thatcher. She suffered a stroke at the age of 87. She was a champion for freedom, unwavering in her convictions. There was a reason she was called the Iron Lady.
She recognized the dangers and pitfalls of communism and socialism, and she wasn't afraid to publicly acknowledge them. It was Thatcher who famously said: “Socialist governments traditionally do make a financial mess. They always run out of other people's money.” It's amazing how that quote from 1976 continues to ring true to this day.
Her conservative principles transformed Britain's economy. James Pethokoukis explains how Thatcher turned around the British economy in one simple chart. After decades of malaise in Great Britain, Margaret Thatcher came in and took on the unions, she cut taxes, reformed regulations, and believed in the power of the free market by privatizing industries. The result: “Brits went from being 10% poorer than Frenchmen to being 10% richer.”
But these types of proven, conservative, free market reforms are the antithesis of the liberal approach to economics. As a result, it didn't take but a few hours after her death for the ObamaMedia wing of the White House to describe Thatcher's policies as “selfishness.” MSNBC’s Martin Bashir went on to say that the result of Thatcher's free market reforms was “a kind of flagrant, excessive, and ostentatious pursuit of cash” in Britain. Nevermind the fact that her reforms made Great Britain 10% richer than its neighbors. Liberals can't stand the idea that as an economy grows, yes, rich people get richer too. This is not a bad thing. This is a point which she made in a well-known debate on socialism: "He would rather the poor were poorer, provided the rich were less rich."
Also, take a look at how the Associated Press chose to cover the passing of Margaret Thatcher compared to their coverage of the death of socialist dictator Hugo Chavez. No bias in the media? Give me a break.
Unfortunately this liberal criticism of Thatcher is nothing new. The Media Research Center has archives dating back to the 1980s and 1990s, where the mainstream media describes Thatcher as "shrill," "inflexible," "unsympathetic," and running "an elective dictatorship."
Margaret Thatcher also championed the individual, which is an idea that liberals also find to be “selfish.” Thatcher once said, “There is no such thing as society: there are individual men and women, and there are families.” She understood the power of the individual, rather than the liberal idea of the collective.
Her relationship with former president Ronald Reagan, along with Pope John Paul II, truly changed the nature of the world for the better. Together they stared down evil in the form of communism, and they were victorious. It shows you the power of conviction and it shows you the power of principled conservatism.