Will America’s Lady Thatcher Show Up In Time?

Monty Pelerin / EconomicNoise.com

I have little admiration of politicians in the same manner that I have little respect for slave masters. On a relative scale, one can rank them from worst to less bad. It is unnatural for men to rule other men. As Lord Acton said: “Power corrupts and abolute power corrupts absolutely.” The rise of the modern state grants any sociopath willing to run for and win office something approaching absolute power (and absolute corruption). There are few exceptions to the Acton axiom. And even these are eventually corrupted from whatever ideals they may have held.

Lady Margaret Thatcher was one of these. She was not perfect and eventually she was influenced by her power. Yet, it can be argued that she saved Britain and in this respect was at least as important figure as Winston Churchill. In the Statist world in which we reside, the previous comment may be ridiculed as Ms. Thatcher was the polar opposite of everything that our modern day progressives believe and try to implement. But ridicule is no substitute for facts and argumentation. Our current mountebanks cannot defend their nonsense with anything but ridicule and ad hominem slurs.

Paul Johnson, noted British historian, puts Ms Thatcher’s accomplishments into historical perspective in an important piece in the Wall Street Journal. His evaluation:

Margaret Thatcher had more impact on the world than any woman ruler since Catherine the Great of Russia. Not only did she turn around—decisively—the British economy in the 1980s, she also saw her methods copied in more than 50 countries. “Thatcherism” was the most popular and successful way of running a country in the last quarter of the 20th century and into the 21st.

 

continue article at EconomicNoise.com:

http://www.economicnoise.com/2013/04/09/will-americas-lady-thatcher-show-up-in-time/