The lady who changed the world

ONLY a handful of peace-time politicians can claim to have changed the world. Margaret Thatcher, who died this morning, was one. She transformed not just her own Conservative Party, but the whole of British politics. Her enthusiasm for privatisation launched a global revolution and her willingness to stand up to tyranny helped to bring an end to the Soviet Union. Winston Churchill won a war, but he never created an “ism”.

The essence of Thatcherism was to oppose the status quo and bet on freedom – odd, since as a prim control freak, she was in some ways the embodiment of conservatism. She thought nations could become great only if individuals were set free. Her struggles had a theme: the right of individuals to run their own lives, as free as possible from the micromanagement of the state.

In Britain her battles with the left – especially the miners – gave her a reputation as a blue-rinse Boadicea. But she was just as willing to clobber her own side, sidelining old-fashioned Tory “wets” and unleashing her creed on conservative strongholds, notably the “big bang” in the City of London. Many of her pithiest putdowns were directed towards her own side: “U turn if you want to”, she told the Conservatives as unemployment passed 2m, “The lady’s not for turning.”

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Read more in The Economist, april 08, 2013