The Funeral of Lady Thatcher

In the end there appeared to be relatively few protesters out on the streets of London, far outweighed by supporters keen to express their respect and remembrance for a powerful leader and former Prime Minister.

So many comments have already been made, that it is difficult to say something new. I think though that I would like to add, that coming from a part of the UK where her emphasis on allowing the freer movement of both labour and capital, resulted in a near twenty year decline, I have always felt able to see “both sides” of her impact. It is with this knowledge, indeed – experience – that I say quite categorically her impact, though divisive, was powerfully for the good.

We forget the regular blackouts, resulting from inefficient State control of the Electricity Grid (CEGB). We forget the rampant and fickle destruction of incentive caused by secondary picketing and the overwhelming dread many public sector workers felt in heading to a job where a foreman could call “Strike!” for little apparent reason.

We do not forget the strife of honourable workers, determined to defend their rights, but whose time, whether they were accepting of this or not, was fast being chased down by the rolling waves of globalisation, rendering inefficient business redundant in the face of international competition…and we forget, at our peril, where we would be in that great counter-historical possibility, had we allowed Michael Foot to become our Premier. History has a way of righting itself, but in this instance the price would likely be our place in the twenties or thirties of GDP per head, instead of sixth or seventh – and far above this in the prestige and regard in which our international diplomacy and military prowess is held.

There are winners and losers in all games of participation, let us not lose sight of the significant raising of the board that Baroness Thatcher presided over, and those who followed her seek only to refine.

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About Damian Merciar
Damian Merciar is Managing Director of Merciar Business Consulting, http://www.merciar.com, a niche business economics consultancy founded in 1998. He has over twenty years experience in the areas of commercial Business Strategy. He is experienced in the transition environments of nationalized to private sector state utilities and the senior practice of commercial management, advisorial consultancy, and implementation. He has carried out policy advisory work for government ministries and been an adviser to institutional bodies proposing changes to government. He holds an MSc Economics from the University of Surrey’s leading Economics department and an MBA from the University of Kent. Also attending the leading University in the Middle East, studying International Relations and Language, for which he won a competitive international scholarship, and has a BA (Hons) in Economic History and Political Economy from the University of Portsmouth. He is currently based in London.

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