jueves, 11 de abril de 2013

The Economist. The lady who changed the world.

But today, the pendulum is swinging dangerously away from the principles Mrs Thatcher espoused. In most of the rich world, the state’s share of the economy has grown sharply in recent years. Regulations—excessive, as well as necessary—are tying up the private sector. Businessmen are under scrutiny as they have not been for 30 years. Demonstrators protest against the very existence of the banking industry. And with the rise of China, state control, not economic liberalism, is being hailed as a model for emerging countries.

For a world in desperate need of growth, this is the wrong direction to head in. Europe will never thrive until it frees up its markets. America will throttle its recovery unless it avoids over-regulation. China will not sustain its success unless it starts to liberalise. This is a crucial time to hang on to Margaret Thatcher’s central perception—that for countries to flourish, people need to push back against the advance of the state. What the world needs now is more Thatcherism, not less.

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