Margaret Thatcher saved Britain, or destroyed it, according to which commentator you choose to read. The truth is that she did both, in different ways. There can be little doubt that she reinvigorated an economy which was hidebound by excessive government regulation, restrictive trade union practices, a weak currency and an enfeebled business culture \u2013 problems to the previous generation of politicians, of both parties, had lacked the vigour or vision to find answers. But she also accelerated the decline of British manufacturing industry, created mass unemployment, destroyed entire communities and instigated financial deregulation in the City which paved the way for the global recession of recent times.<\/p>\n
Yet the real truth about Lady Thatcher does not just lie somewhere between these two polarities. It is to be found somewhere different.<\/p>\n
Someone with her fondness for reducing national issues to domestic metaphor might begin by quoting the proverb that you can\u2019t make an omelette without breaking eggs. To those enjoying the meal the Thatcherite omelette was undoubtedly a tasty dish. Those whose lives were broken would tell a different story. Her supporters shrugged that this was an evil necessity. Rising unemployment and recession were \u201ca price well worth paying\u201d to get inflation down, as a Tory Chancellor. Norman Lamont, was later to succinctly put it.<\/p>\n
Such a view is at heart utilitarian. It holds that a society\u2019s purpose must be to maximise the greatest happiness of the greatest number.\u00a0 But, as the recent debate between church leaders and government ministers on welfare reform has shown, Christianity has fundamental questions to raise about any system which assumes that it is necessary for one man, or one minority, to suffer for the good of the people. The insistence of Mrs Thatcher in 1983 that \u201cthe denial of personal choice is an outright denial of Christian faith\u201d reveals a selective and rather eccentric notion of the values embodied in the gospels.<\/p>\n
The British economy may have been on a sounder footing when she resigned but it is incontestable that in her time the poor got poorer and inequality increased. Traditional industries like shipbuilding, coalmining and steelmaking may have been in long-term decline but Thatcherism\u2019s acceleration of that process disproportionately affected particular communities. Germany shows a different approach was possible. That is why those who, like me, live in the North of the country will have noticed a markedly different response to the news of Lady Thatcher\u2019s death to the tone struck by our largely metropolitan national media. One shopkeeper told me he had opened a bottle of champagne the day the ex-PM died.<\/p>\n
The unskilled working man in places like the North of England has been particularly badly-hit by the Thatcher revolution which later governments, of both parties, have failed to reverse. \u00a0The urgency of welfare reform is a consequence of the depletion of Britain\u2019s manufacturing base on a scale which not even the Luftwaffe managed. The number of people in out-of-work benefits trebled in the Thatcher years, from two to six million, and today\u2019s \u201cunderclass\u201d of unemployables is its legacy.<\/p>\n
So too is a recession, now more prolonged than that of the Great Depression, which was triggered by a banking crisis rooted in Mrs Thatcher\u2019s deregulation of the City.\u00a0 So too is a housing crisis which grew from the Thatcherite prohibition on councils building more houses to replace those she sold off.<\/p>\n
For all her rhetoric about prudence, saving and hard work Margaret Thatcher has bequeathed us a culture which is hedonistic and debt-laden. Her insistence that \u201cthere is no such thing as society\u201d has left us atomised as well as acquisitive. It has made selfishness respectable. \u00a0<\/strong>That was the underbelly of the entrepreneurial spirit she so effectively unleashed. Her legacy has left us paradoxes we must now struggle to resolve.<\/p>\n Paul Vallely is a policy and communications consultant at paulvallely.com. He is currently writing a biography of Pope Francis for Bloomsbury.<\/em><\/p>\n \u00a0from the Church Times<\/em><\/em><\/strong><\/p>\n \u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Margaret Thatcher saved Britain, or destroyed it, according to which commentator you choose to read. The truth is that she did both, in different ways. There can be little doubt that she reinvigorated an economy which was hidebound by excessive government regulation, restrictive trade union practices, a weak currency and an enfeebled business culture \u2013 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[388,37,38,65],"tags":[133],"class_list":["post-7737","post","type-post","status-publish","format-standard","hentry","category-morality-ethics","category-politics","category-society","category-thatchers-britain","tag-thatcher"],"_links":{"self":[{"href":"https:\/\/paulvallely.com\/archive\/index.php?rest_route=\/wp\/v2\/posts\/7737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/paulvallely.com\/archive\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/paulvallely.com\/archive\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/paulvallely.com\/archive\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/paulvallely.com\/archive\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7737"}],"version-history":[{"count":5,"href":"https:\/\/paulvallely.com\/archive\/index.php?rest_route=\/wp\/v2\/posts\/7737\/revisions"}],"predecessor-version":[{"id":7741,"href":"https:\/\/paulvallely.com\/archive\/index.php?rest_route=\/wp\/v2\/posts\/7737\/revisions\/7741"}],"wp:attachment":[{"href":"https:\/\/paulvallely.com\/archive\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/paulvallely.com\/archive\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/paulvallely.com\/archive\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}