2 thoughts on “Thatcher started the regulatory tide”

  1. Posted 27/05/2015 at 10:23 | Permalink

    How very odd it is that Mrs T failed to take the advice of her purported muse who, inter alia, wrote an Essay entitled “Why goverment is always the problem”. Perhaps it was in (over)reaction to Smith’s comment about ” . . . gather together . . . not to the benefir of customers. ”

  2. Posted 27/05/2015 at 16:07 | Permalink

    Sid – you are spot on. They (her ministers) did feel they were busting up cartels. Indeed, they were right. It is just a question of whether it would have been better to let the market take its course

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