“The problem with socialism is that you eventually run out of other people’s money.” — Margaret Thatcher
Margaret Thatcher, who served as Prime Minister of the United Kingdom from 1979 to 1990, passed away from a stroke this morning. She was 87-years old.
Thatcher will be remembered for her tough stand alongside President Ronald Reagan against the Soviet Union, which earned the nickname the “Iron Lady,” and her economic policies led the United Kingdom to an era of prosperity. Thatcher brought the Conservative Party back to prominence and was a stalwart apologist for capitalism and an ardent foe of socialism.
In her last appearance before the House of Commons, Thatcher took on many of her critics from the Labour Party, the leading purveyor of socialism in the United Kingdom. The arguments made by Labour members are not unlike those we’re hearing today in the United States, but she didn’t avoid them. Unlike so many American politicans, Thatcher welcomed them as she explained that capitalism ushered in an era of opportunity and prosperity for everyone in the United Kingdom.
Here’s the video: