Margaret Thatcher Quotes
When you take into public ownership a profitable industry the profits soon disappear. The goose that laid the golden eggs goes broody. State geese are not great layers.
Thatcher, Margaret. "Speech to Conservative Party Conference." Margaret Thatcher Foundation, 10 Oct. 1975.
Ironically the far right wing Fascists and the far left wing Communists agreed on this point: nationalization.
The first part of this quotation has defined the attitude of most Americans towards private enterprise and government since then. The second part of the quotation—the undesirability of public ownership of railroads has given way to the modern problem that no passenger railroad can be operated profitably by anyone—private or public. So Roosevelt’s “far-reaching disaster” was finally complete with the Federal Government taking over responsibility for Amtrack.
He was favoring state confiscation of land holdings in excess of four times the value of the standard land allotment. What is most interesting about this quotation is that the maximum ratio Plato would allow was 4 times the average. However in the 21st century, there were corporate executives being paid at 1000 times the averate wage with most conservatives believing that this (or any other ratio) was not excessive.
1st Viscount Snowden. Nationalization is when a nation or state determines that certain industries of areas of the economy should be reserved for the government to operate. Private companies, if they have been operating a nationalized industry losse their rights to continue in that business and may even lose their physica assets in which case th form is supposed to be paid a fair price. In 21st century America we have very few nationalized industries. One of these is the manufacture of nuclear weapons. Communist counties have many if not most of the economy nationalized. From the 19th century socialism has evolved from a belief that most people will best be served by nationalization of most of th major economic functions. However, over time this did not meet Socialism’s other objectives and nationalism became less popular with socialists. Snowden, a leading socialist, wanted to get rid of the concept entirely, and today there are very few situations where there are calls for nationalis. Even the few remaining communist nations are privatizing (the opposite of nationalizing) some of their economy.
Margaret Hilda Thatcher, Baroness Thatcher, LG, OM, DStJ, PC, FRS, HonFRSC was a British stateswoman who served as Prime Minister of the United Kingdom from 1979 to 1990 and Leader of the Conservative Party from 1975 to 1990. She was the longest-serving British prime minister of the 20th century and the first woman to hold that office. A Soviet journalist dubbed her the "Iron Lady", a nickname that became associated with her uncompromising politics and leadership style. As prime minister, she implemented policies that became known as Thatcherism.
