
Thatcher inherited a Britain where the state owned everything from steel mills to telephone lines. Unemployment hit 11.9% in 1984, inflation ran at 18% when she took office, and strikes paralyzed entire industries for months (the three-day work week wasn't a lifestyle choice). She privatized British Telecom in 1984, British Gas in 1986, and rolled back union power that had strangled productivity for decades. The results speak louder than any economic theory: Britain's GDP per capita rose from $10,000 in 1980 to $19,000 by 1990. Critics still blame her for "inequality" - missing the point entirely. You can't redistribute wealth that doesn't exist first. The alternative wasn't some egalitarian paradise... it was Argentina.



















