Lady Margaret Thatcher, the greatest peacetime British Prime
Minister, champion of free markets and staunch anti-communist, died last week at
her residence in London
at the age of 87. She led the United Kingdom
from economic decline to prosperity, from military weakness to respectable
might and from despair to pride and self-confidence.
Born, Margaret Hilda Roberts, she
was the daughter of a grocer from Lincolnshire. She attained a degree in chemistry and later
became a lawyer.
Thatcher was elected to Parliament
in 1959 and served until 1992. She
became a member of the Cabinet of Prime Minister Edward Heath as Secretary of
Education, from 1970-1974. The following
year, Thatcher was chosen the leader of the Conservative Party in 1975. She led the Tories to victory in 1979,
becoming Prime Minister. Thatcher served
from 1979-1990, the longest serving in modern times, winning three elections,
two of which were landslides. She was
made a Baroness in 1992 and became a peer in the House of Lords, serving for a
decade.
As Prime
Minister, Thatcher stood up to powerful labor unions, thereby ending the cycle
of crippling strikes. She notably ended
the illegal strike by coalminers in 1985.
Thatcher privatized many commercial industries owned by the British
government and reduced taxes, including lowering the highest rate from 86% to
well under half. “The problem with
socialism is you eventually run out of other people’s money,” she famously
observed. Her free market policies
lifted the British economy. She also
maintained British independence of the European Union, which she recognized as
a folly, refusing to abandon the pound sterling and join the Monetary Union – a
decision that seems increasingly prescient during the current Eurozone crisis. Many of her policies have endured, despite
the continued criticisms from liberals.
Indeed, she transformed British politics by forcing the Labor Party to
move from the far left to the center-left, which was the only way it was able
to find electoral success by 1997.
The
parallels with the United States
and the U.K.
at the time were obvious, as Ronald Reagan also faced economic and military
weakness upon taking office as President.
Indeed, Thatcher maintained a special relationship with Reagan, her
ideological soul mate, and was a staunch ally of the U.S., despite occasional
differences. Like Reagan, she was
anti-Communist, which earned her the epithet from the Soviets while she was
still a young MP of the “Iron Lady,” a sobriquet she bore with pride. Accordingly, she was the strongest backer in
Europe of Reagan’s successful policy of placing American nuclear missiles there
to counter the rising Soviet threat, despite strong criticism from the
Left.
It was
Thatcher who first recognized the possibility of negotiating with the rising
Soviet leader, Mikhail Gorbachev, which she recommended to Reagan, who trusted
her judgment and who concluded fruitful negotiations with Gorbachev after he
became General Secretary of the Soviet Communist Party. The extraordinary combination of leadership
by Reagan, Blessed Pope John Paul II, the Great, and Thatcher is widely
credited with facilitating the fall of Communism in the Soviet Union and Eastern Europe by 1989.
Thatcher
lived up to her reputation as the “Iron Lady” after an Argentine dictatorship
seized the British colony of the Falkland Islands
in 1982, dispatching an armada to retake the islands. The Falklands War restored pride to the
British people. She was also tough on
terrorism, both by the Irish Republican Party, which led to an assassination
attempt by the IRA at a Conservative Party meeting, and Libya. Thatcher provided support for the American
bombing of Libya
in 1986. She opposed the Iraqi invasion
of Kuwait, sending troops to
Saudi Arabia
as part of Desert Shield in 1990 before the end of her time in Number 10
Downing Street.
Baroness
Thatcher became a much-sought speaker in both the U.K.
and the U.S.,
where she was admired, authored an autobiography and another book, Statecraft, and established the Thatcher
Foundation to promote the free market.
Lady
Thatcher will be given the largest funeral for a former prime minister since
Winston Churchill.
The
admiration on the right for Thatcher refutes the childish myth of the Left that
conservatives are sexist. Indeed, she
was a heroine of the right and a role model for any female conservative
politician.
Thatcher remains an inspiration to
the Conservative Party of the United
Kingdom to this day, as well as to
conservatives round the world.
Margaret
Thatcher’s legacy is freedom – freedom from Communism, Socialism, terrorism and
aggression. May her policies endure and
may she continue to inspire conservatives to champion liberty with confidence.