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Mrs Thatcher - an unusual perspective

10/4/2013

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Elsewhere on this site I have suggested that it may be that Marxist (or perhaps, Marx-inspired) Revolution in Capitalist countries was prevented by the adoption of social democratic ameliorative measures by Capitalist classes.  The bosses were allowed to make money but a significant amount of their profits were redistributed.

Fast forward to the 1970s.  It was clear this redistributionist model was not working in the UK.  The evidence of this was the  almost continuous trades union activity that was reducing productivity and profits.  The Capitalist class were  losing interest in maintaining their cooperation.  Furthermore, without  profitability, there were not the resources available for  redistribution.  Of course, the strikes also hid the sheer incompetence of much of British management of the time.
 
This analysis allows for a different take on Mrs Thatcher.  Viewed in this  light her vision of a property owning and share holding democracy might be seen an attempt at another solution to the challenge posed by Marx.  Instead of a redistributionist Capitalism overseen by a powerful State, she tried a populist Capitalism where  everyone would be a Capitalist.  This would reduce the role of the State and free enterprise to be more profitable but everyone would benefit.

It didn't work of course, and it is not clear how long the vision lasted.  By the time she left office the USSR had fallen, Socialism appeared defeated and triumphal Capitalism had less interest in 'appeasing' the working class.
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  • Why Wealth is Social
  • Why Another World is Possible
  • Employment
  • Taxation
  • Looking at Marxism
  • Looking at Capitalism
  • Looking at Equality
  • Building Another World
  • The moral failure of New Labour
  • Questions
  • Calendar of Discontent
  • Social Wealth - the blog
  • Links
  • New Page