First published on the thirtieth anniversary of Thatcher coming to power in 1979, in the May 2009 edition of Socialism Today, No.128. This is the abridged version printed following her death in April 2013.
Margaret Thatcher was not cut from the same cloth as those representatives of British capitalism who preceded her at the head of the Tory party. Post-1945 Tory prime ministers, in the main, such as Harold Macmillan, presided over a ‘post-war consensus’, which prescribed that the government and the ruling class would seek to avoid a head-on confrontation with the organised labour movement. Following in the so-called ‘Whig tradition’, Tory grandees developed the special art of British statecraft, by bending with the class and social winds. This served them well during the post-1945 boom in accommodating to the tops of the labour movement in particular in ‘sharing out’ a growing ‘cake’. But the ‘slow inglorious decay’ of Britain was masked during the boom. When this ran out of steam it inevitably culminated in a collision between the classes. This took shape in the 1960s but intensified in the tumultuous 1970s and 1980s.
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