So all the system was running down and collapsing. Mrs. Thatcher became the leader of the Conservative Party in February 1975, and she clearly wanted to strike out and do something different.

Privatization came on slowly. When something very big happens, like privatization, historians and economists like to think you must have had very big causes. That is not how it happened.

It was always said that the big distinction between the French and the English is that the English are intelligent and the French are intellectual.

By the end of the 1970s Britain was in a mess.

Socialists make the mistake of confusing individual worth with success. They believe you cannot allow people to succeed in case those who fail feel worthless.