Max Boot, writing at Commentary Magazine about Margaret Thatcher's legacy:
What Reagan and Thatcher showed – and it is a lesson that may seem at odds
with the conservative impulse that the private sector is the most
significant – is what a difference political leadership can make. (Later
Rudolph Giuliani showed the same thing – he was for urban policy what
Reagan and Thatcher were for national policy.) They both inherited a
mess: In Thatcher’s case she took over in 1979 following the “Winter of
Discontent” when Britain was paralyzed by multiple strikes and high
unemployment. As the Conservative advertising slogan had it, "Labour
isn’t working." Reagan, of course, took over from Jimmy Carter in the
wake of the failed hostage-rescue mission and in the midst of a severe
recession characterized by "stagflation." Worst of all was a widespread
loss of confidence in the future – both in Britain and America it was
fashionable back then to imagine that the "the West" was finished and
that the Soviet Union was ascendant.
Thatcher: A Leader Vindicated by History
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