Margaret Thatcher

19252013

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"We in Europe have watched with admiration the burgeoning of this mighty American economy. There is a new mood in the United States. A visitor feels it at once. The resurgence of your self-confidence and your national pride is almost tangible. Now the sun is rising in the West. For many years, our vitality in Britain was blunted by excessive reliance on the State. Our industries were nationalized, controlled, and subsidized in a way that yours never were. We are having to recover the spirit of enterprise which you never lost. Many of the policies you are following are the policies we are following. You have brought inflation down. So have we. You have declared war on regulations and controls. So have we. Our Civil Service is now smaller than at any time since the War and controls on pay, prices, dividends, foreign exchange, all are gone. You have encouraged small business -- so often the source of tomorrow's jobs. So have we. But above all, we are carrying out the largest program of denationalization in our history. Just a few years ago, in Britain, privatization was thought to be a pipe dream. Now it is a reality and a popular one. Our latest success was the sale of British Telecommunications. It was the largest share issue ever to be brought to the market on either side of the Atlantic -- some 2 million people bought shares. Members of Congress, that is what capitalism is -- a system which brings wealth to the many and not just to the few."

- Margaret Thatcher

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"No-one in their senses wants nuclear weapons for their own sake, but equally, no responsible prime minister could take the colossal gamble of giving up our nuclear defences while our greatest potential enemy kept their's. Policies which would throw out all American nuclear bases...would wreck NATO and leave us totally isolated from our friends in the United States, and friends they are. No nation in history has ever shouldered a greater burden nor shouldered it more willingly nor more generously than the United States. This Party is pro-American. And we must constantly remind people what the defence policy of the [Labour] Party would mean. Their idea that by giving up our nuclear deterrent, we could somehow escape the result of a nuclear war elsewhere is nonsense, and it is a delusion to assume that conventional weapons are sufficient defence against nuclear attack. And do not let anyone slip into the habit of thinking that conventional war in Europe is some kind of comfortable option. With a huge array of modern weapons held by the Soviet Union, including chemical weapons in large quantities, it would be a cruel and terrible conflict. The truth is that possession of the nuclear deterrent has prevented not only nuclear war but also conventional war and to us, peace is precious beyond price. We are the true peace party."

- Margaret Thatcher

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