A couple of
weeks ago I complained about the lack of balance in the obituaries for Hugo
Chavez. Mainly I was frustrated, since I wanted to learn more and am curious
and unsure about how his legacy will develop in time.
Now an even
bigger figure has died. Given that her age in power was a generation ago and
the perspective that enables, I was again disappointed at the lack of balance.
But this time I knew a lot more already, as I was in my 20’s in Thatcher’s
Britain. I think the only time I have voted in UK elections has been against
Maggie, so she was a dominant force in my formative era. So this time I have my
own opinion.
We are all
to a great extent shaped by context, and my main complaint with all the
obituaries is that this seems to be too often overlooked. I can highlight four
major examples. The first two mitigate some of the negatives written about her,
the last two challenge the positives.
First, it is
true that Maggie presided over a horrific recession with three million
unemployed, but we need to accept she came to power at the height of the Iran
crisis and the consequent oil shock. Oil prices shot up several hundred percent
for the second time in a decade and all global economies suffered. This was not
primarily Maggie’s recession, it was Khomeini’s.
Second, her
approach to organised labour was brutal, but a middle path was not available to
her. In the 1970’s, the TUC was more powerful than any party, and many union
leaders had aims and approaches wholly incompatible with any concept of a
competitive economy. This had destroyed her three immediate predecessors. When
people say she should have negotiated with the miners and navigated a more
gentle path, they forget how Britain was then. Scargill simply had to be
defeated, and brutally, whatever the damage to ordinary families.
Third, the
stunning UK recovery in Nigel Lawson’s time as chancellor had less to do with
Thatcher’s economic policies and most to do with North Sea Oil. For the only
time in the entire century (and perhaps ever into the future) the UK moved into
a natural surplus position as an economy during the 1980’s. This created
unprecedented opportunity to reshape the economy – which in my opinion Maggie
tragically squandered.
Finally is
the pervasive myth that somehow Maggie and Ronnie defeated communism. Communism
defeated communism, it collapsed from its own unsustainability. One man,
Michael Gorbachev, enabled this to happen in a way that avoided carnage, and
hopefully will eventually be lauded for this. Maggie and Ronnie (then George
senior) just happened to be around at the time. And they squandered the unique
opportunity created.
Maggie was a
fantastic politician. She had a wonderful combination of appearing certain and
principled while in fact always calculating her next move smartly. The outward certainty
meant she could take a brave stance, communicate it, and bring enough people
with her. She was fearless and peerless. The command she had over her party was
breath taking – remember those standing ovations? She somehow got bounced into
the Falklands crisis, but while all her peers would have dithered she acted,
indifferent to her legacy (the claim that somehow the war was contrived to turn
around her poll ratings is pretty ludicrous, though the turnaround was indeed a
direct consequence). This apparent certainty also enabled her to defeat
Scargill.
Yet she was
no hothead, there was political calculation in abundance. She was opportunistic
in becoming leader. She used her party platform smartly. She fed the voters she
needed enough of the policies they wanted to get her elected. She chose which
unions to take on, and when. I believe she would have seen the poll tax through
and been elected again in 1992 – it was Europe that she could not finesse within
her party and which defeated her.
Apart from
her overall positive service to labour relations, she also initiated two
wonderful policies, combining vote-winning with genuine social and economic
benefits. The first was the sale of council (socially owned) houses to their tenants,
an idea so brilliant that we wondered why no one had thought of it before. The
second was privatisation of state assets. This policy was brave, sound,
vote-winning, and has stood the test of time and been exported around the
world, usually with positive effect.
She had some
disastrous policies too. I would highlight the planning changes that led to out
of town superstores. These have turned out to change British towns in bad ways,
making them resemble US ones rather than, for example, Dutch ones. Even in the
prosperous South, high streets now are sad relics dominated by bookies and
thrift shops, communities are dispersed to soulless suburbs, and everyone
drives, to the detriment of public transport. The rest of Europe did not make
these mistakes, and the result feels permanent and tragic. And it started with
Maggie.
While she
was a consummate politician, I am in the camp that would condemn her as a
stateswoman. Her politics and her context gave her an opportunity in the late
1980’s to reshape Britain, building on the privatisation success and defeat of
the destructive side of trade unionism. She had the space (from politics) and
the money (from oil) to do what she wanted. How did she use this opportunity?
Disastrously.
She
destroyed local government, a paradox really from someone who professed
devolving power from the state. Only now I am spending time in the USA do I
realise how important state and local government is to foster innovation and
enterprise. Instead, enterprise came to be associated almost completely with
finance, in Maggie’s share owning democracy. Talented kids in the UK had always
gravitated to professions and finance rather than business, to parasitic rather
than creative activities, and Maggie accelerated this. Where are Britain’s great
companies nowadays, outside the fields of consumption (Tesco) or finance? This
lost opportunity from the golden age of oil may have condemned Britain for
generations. Look at the underlying economic statistics nowadays on Britain –
productivity, innovation, balance of trade are all disastrous. This started
with Maggie.
She had the
chance to invest in infrastructure, in education, in decent housing, in
equality of opportunity, European trade relations and in the benefits of
immigration. Her scorecard in all these areas is bleak. I don’t advocate old
style industrial policy, but instead promoting these drivers of growth. She
successfully cleared the decks of the old way, but put nothing useful in its place,
only greedy parasitic bankers.
Socially there
were also missed chances. Another paradox, as a woman she pushed forward but
also pulled back female emancipation. She appointed few women, and did little
to promote good child care or pre-schooling. Tolerance of homosexuality was
held back, and bigotry against immigrants allowed to build. Criminal justice
policy reduced to throwing more and more people into jail. The Daily Mail still
talks for much of Britain, and it is generally an unedifying voice. This
started with Thatcher. It did not have to be this way.
But if the
domestic legacy is a sad lost opportunity, the international one is even more
tragic. Thatcher came to power in a bipolar world, and it was understandable,
even if ultimately indefensible, to act as a cold warrior then. She felt let
down by Mugabe, so tacitly backed apartheid in South Africa for too long. Big
men on “our side” were tolerated elsewhere, and the Iran Iraq war almost
promoted as a dream scenario, despite the human cost, and indeed the ultimate
reckoning to the Western reputation we are now facing. She never embraced
Europe, but at least stayed in, no doubt as a quid pro quo with Ronnie (something
she could not reconcile at the end).
Then came
Gorbachev and the collapse of communism, and a glorious opportunity. But Maggie
was stuck in a win-lose mentality and could not help to forge a better world,
unlike for example Helmut Kohl. The chance to truly promote democracy, to
reduce weapons and military influence (especially covert operations) was cast
aside. Russia was subjected to inappropriate economic orthodoxy with lingering
catastrophic effects. Admittedly, the US had a greater role in this calumny,
but Thatcher had earned some influence yet failed to exercise this in any
positive direction. We are all still paying the price.
Her final
failure was in her strong suit, politics. She did little to promote talent in
her own party, and left behind a rudderless ship that became unelectable for a
generation, with her stirring things in the background. She did nothing to
improve parliament or the constitution, and arguably made Britain less
governable after her demise, especially with the shocking regional profiles of
political parties now existing. Sensible discussion of coalition, criminal
justice, immigration and, especially, of Europe, remains almost impossible even
now.
The way she
dominated her cabinet led to my favourite Thatcher joke, from Spitting Image.
The scene is a restaurant she enters with her cabinet for a meal, and the conversation
between Maggie and the head waiter goes as follows:
What would
you like to order, madam?
Steak.
How would
you like it, madam?
Raw.
And, madam,
what about the vegetables?
What? Oh,
they’ll just take the same as me.