Margaret Thatcher: An Accidental Libertarian Heroine » Spectator Blogs - Alex Massie:
April 10, 2013 - "Mrs Thatcher, of course, was a great economic liberal. Her approach to economics, guided by Smith, Hayek and Friedman, stressed the importance of individual endeavour. Remove the dead hand of state control and Britain could flourish again. The many individual invisible hands of the market would improve our collective lot....
"And she was right. As a Manchester Liberal, Thatcher appreciated the power and value of economic liberty. Slowly, if unevenly, the impact of an era of market forces and economic liberalisation have been felt across the globe. Millions, even billions, have benefited from the more efficient allocation of capital. In Asia, Latin America and even (to some extent) Africa, market forces and liberal economic policies have worked. If the journey is not yet complete, we still inhabit a world transformed....
"Mrs Thatcher was a social conservative. But one part of her legacy that is perhaps under-appreciated is the extent to which her triumph on the economic front contributed to her defeat in the social arena.... Margaret Thatcher’s economic libertarianism (if it can so be called) would eventually advance the cause of social libertarianism as well. That she would have disapproved of this matters little; it is part of her legacy too. And a welcome one."
Read more: http://blogs.spectator.co.uk/alex-massie/2013/04/margaret-thatcher-an-accidental-libertarian-heroine/
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April 10, 2013 - "Mrs Thatcher, of course, was a great economic liberal. Her approach to economics, guided by Smith, Hayek and Friedman, stressed the importance of individual endeavour. Remove the dead hand of state control and Britain could flourish again. The many individual invisible hands of the market would improve our collective lot....
"And she was right. As a Manchester Liberal, Thatcher appreciated the power and value of economic liberty. Slowly, if unevenly, the impact of an era of market forces and economic liberalisation have been felt across the globe. Millions, even billions, have benefited from the more efficient allocation of capital. In Asia, Latin America and even (to some extent) Africa, market forces and liberal economic policies have worked. If the journey is not yet complete, we still inhabit a world transformed....
"Mrs Thatcher was a social conservative. But one part of her legacy that is perhaps under-appreciated is the extent to which her triumph on the economic front contributed to her defeat in the social arena.... Margaret Thatcher’s economic libertarianism (if it can so be called) would eventually advance the cause of social libertarianism as well. That she would have disapproved of this matters little; it is part of her legacy too. And a welcome one."
Read more: http://blogs.spectator.co.uk/alex-massie/2013/04/margaret-thatcher-an-accidental-libertarian-heroine/
'via Blog this'
I don't care to hear libertarians described as socially liberal and fiscally conservative. It is more correct to say, as this article does, that Thatcher was fiscally libertarian (and socially conservative). Likewise, liberals are properly described as socially libertarian and fiscally liberal. Libertarians are the touchstone.
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