Margaret Thatcher — "The problem with socialism is that you eventually run out of other people's mone…"

The problem with socialism is that you eventually run out of other people's money.
Margaret Thatcher — Margaret Thatcher Contemporary · British PM, Iron Lady

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About Margaret Thatcher (1925-2013)

British Prime Minister (1979-1990) whose free-market reforms and confrontation with trade unions defined the late-20th-century right. Closely associated with Ronald Reagan (her closest international ally). For an intellectual contrast, see Tony Benn, Labour cabinet minister and democratic-socialist figurehead — Benn was the loudest parliamentary opposition to Thatcherism throughout the 1980s. His diaries and Thatcher's autobiography are the two opposing histories of the period — Britain's class politics is structured around which view was right.

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Interview with Woman's Own magazine

Date: 1987

Money & Business

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