You know in the eighties these Thatcherism was the hottest deal in UK and millions of people in UK had benefitted enormously but look at what had happened to these hot deals lately. From the WIKI ; "Thatcherism" is supposedly characterized by decreased state intervention via the free market economy, monetarist economic policy, privatisation of state-owned industries, lower direct taxation and higher indirect taxation, opposition to trade unions, and a reduction of the size of the Welfare State. "Thatcherism" may be compared with Reaganomics in the United States, Rogernomics in New Zealand and Economic Rationalism in Australia . Thatcher was deeply in favour of individualism over collectivism, with self-help as a mantra.
Now look at the hot deals from the legacy of Thatcherism and Reganomics :-
1) Tons of people had free shares in Halifax, Abbey Nationa, Woolwich, Halifax, Bradford and Bingley, Northern Rock....look at what happened to them in contrast to Nationwide which is still a member society. Look at what happened to Freddy Mac and Fannie Mae.
2) Tons of people also benefitted from the privatisation of the publicly owned utlities, national rail....look at who owns most of them now!
3) Look at the amount of indiect taxation , there are over 30 different types of taxes.
4) And the self help mantra of that monetarism, looks like some people have self helped themseives to trillions of dollars , euro and pounds , that why ordinary folks have to pay those trillions back in years to come to break even!