Niall Ferguson: Europe a Mess, Thatcher Was Right

April 9 (Bloomberg) -- Niall Ferguson, a professor of history at Harvard University, talks about former U.K. Prime Minister Margaret Thatcher. Ferguson speaks in Hong Kong with Rishaad Salamat on Bloomberg Television's "On the Move." (Source: Bloomberg)
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Пікірлер: 420

  • @sauermaischeyahoo7834
    @sauermaischeyahoo78347 жыл бұрын

    Mrs. Thatcher lowered the ladder to allow the working class to better themselves... tradesmen who previously would only have been employed by large companies became business owners in their own right, council house tenants who would previously have died owning nothing (apart from perhaps a telly) became property owners... and this posed an existential threat to Labour, because Labour had positioned itself as the tribune of the plebs... but if those "plebs" could better themselves by their own efforts, then they didn't need a tribune. This is why Tony Blair spent his years in office pulling the ladder up again, undermining the workman's collective bargaining postition and the tradesman's pricing power with his immigration policies, keeping the IHT threshold low to beggar the families of those who bettered themselves, destroying the private sector final salary pension system...

  • @chrisnettleship4331

    @chrisnettleship4331

    5 жыл бұрын

    Although I don't agree with her destruction of the trade unions and the shameless desintigration of the industrial sector in the North, Scotland and Wales I still fail to see what Tony Blair and Gordon Brown achieved that was any benefit to the Middle/working class. The pensions scandal is unforgivable, as is the savings flat lining and obviously the handing over of powers to Brussels and immigration. The Labour voters make me laugh when they claim that their party led us into an age of unprecedented economic hedonism. What they really did was abandon all morals and bankrupt the country. A new form of politics is required, let's shake off the legacy of Thatcherism and New Labour. We can do things better than both failed systems in the future.

  • @FightFairLoseEasy

    @FightFairLoseEasy

    4 жыл бұрын

    @@chrisnettleship4331 Actually industry fell apart because it was inefficient, run by unions, poor quality and outdated products in fact it was a dead duck. The whole industrial sector needed 100's of billions of investment and new working practices and Thatcher delivered. The UK was known as the sick man of Europe and nobody would invest here. Thatchers reforms saw that change and become the place TO INVEST. What she did was incredible and against a political consensus that the UK was f***ed and managed decline and integration into the EEC was the only path forward

  • @chrisnettleship4331

    @chrisnettleship4331

    4 жыл бұрын

    @@FightFairLoseEasy UK joined what was the EEC in 1973 under Ted Heath's stewardship. Harold Wilson put it to the referendum two years later and Margaret Thatcher as opposition leader became a pro-Europe advocate. She did however emphasize the fact that UK was paying far too much into EEC when she became PM and after 11 years her stance on Europe had changed radically. She never wanted us in the ERM which John Major disastrously signed us up for and saw Sterling ejected in 1993. As for industry, you're correct on some points. The unions were increasingly dominated by Hardline barons calling for strikes at a moment's notice and above inflation pay rises. But look where we are now without these unions. Zero hour contracts, less than living wage and useless pension schemes. I still say both Thatcherism and Blairism are evils in their own right.

  • @FightFairLoseEasy

    @FightFairLoseEasy

    4 жыл бұрын

    @@chrisnettleship4331 Crap. Do you know anything aboput zero hour contracts at all. 1) Most people on them PREFER them for various reasons 2) It gives people a PAID PATH into work and work experience 3) In retailing it gives the flexibility for businesses to open at the times people now insist on since the Labour party fucked closing times up. The unions are nothing but political vehicled for Marxist ffs. The leader of UNISON is a dyed in the wool Marxist for instance they are NOTHING to do with workers rights they are all to do with funding the labour party and pushing a socialist agenda. Dont tell me Im wrong I was a union activist so I know what they are really about

  • @chrisnettleship4331

    @chrisnettleship4331

    4 жыл бұрын

    @@FightFairLoseEasy You are obviously very opinionated which is the problem with today's society, sometimes people ride roughshod over others' opinions. I doubt many on zero hour contracts are happy, I know a few of them who would love s full time job. You can't say that either Labour or the Tories have helped the working class much over the last 30 years. Right to buy was a complete con-trick. Many are now seeing their assets stripped to pay for care in old age. You believe what you like, I think our system is rotten. These politicians aren't worth snot. They lie and just look out for their own interests. The only way we have a chance is to completely rewire the political system and that would take nothing short of a revolution.

  • @Biggles27
    @Biggles277 жыл бұрын

    Best PM we ever had. Britain in the 70s was a shit hole. Britain in 1990 was a much changed country.

  • 6 жыл бұрын

    No it was a shithole but all the assets had been sold off for temporary cash which all ended up back in rich Tories pockets.

  • @Johnsmith99663

    @Johnsmith99663

    5 жыл бұрын

    Why was is a shithole in the 1970s? Stagflation?

  • @enoch6450
    @enoch64507 жыл бұрын

    This guy is spot on

  • @zx9446

    @zx9446

    7 жыл бұрын

    Enoch's seal of approval, I'm sure Niall would be delighted.

  • @KeithWilliamMacHendry
    @KeithWilliamMacHendry6 жыл бұрын

    Niall is right, Gordon Brown the arch British State unionist is responsible ultimately. for the massive debt that we are now saddled with.

  • @johnrandall125

    @johnrandall125

    4 жыл бұрын

    @Ru22eLL Brown, genius that he was, announced to the world that he was going to sell Britain's gold reserves. The market, anticipating a glut of gold, promptly fell. So Brown sold the gold into a depressed global market so ensuring we got the worst possible price for it! At least the Brinks Matt robbers ended up doing time (mostly)!

  • @stevengruber57

    @stevengruber57

    3 жыл бұрын

    Thatcher did the necessary job of freeing the economy from the shackles of state control, the preceding governments had the responsibility to monitor it and regulate where appropriate.

  • @niklar55

    @niklar55

    3 жыл бұрын

    I nicknamed him Mugabe Brown, as he was doing the same job to Britain as Mugabe did to Rhodesia.

  • @kathydabney7255
    @kathydabney72554 жыл бұрын

    i wish we had her leading us out of the EU now. She would definitely be telling the bloated, over mighty EU....NO!...NO!....NO!

  • @mogznwaz
    @mogznwaz4 жыл бұрын

    Everyone hated her when I was a kid, it was cool to hate her. But now I'm older and wiser I realise what she did and I wish we had her calibre in Parliament now.

  • @nk1291
    @nk12914 жыл бұрын

    Mrs. Thatcher was great in every way!!

  • @Klathmor
    @Klathmor10 жыл бұрын

    I would vote for this guy.

  • @philonaut662
    @philonaut66211 жыл бұрын

    i respect Thatcher. i do not care what others think about this. what she did did not "feel good"; that, however, is not the point. the point is, and always must be: that what must be done is that what is correct - the best available option. thatcher understood and advocated such form of thought. for this, i respect Thatcher.

  • @wongfeihung6285
    @wongfeihung62857 жыл бұрын

    Thatcher saved Britain. Those self-important and vain Tory Old Guard and Grandees of the time (and since) should forever hang their heads in shame at what they did to her. She was a Great Briton.

  • 6 жыл бұрын

    She was a cunt.

  • @johndub3866

    @johndub3866

    5 жыл бұрын

    @ Ignorant twat.

  • @EricCanterra

    @EricCanterra

    5 жыл бұрын

    @ + Sean O'Nilbrains.....you possess a very uninformed, obtuse opinion. Slow clap for you 'old chap.

  • @markuslundberg7457

    @markuslundberg7457

    5 жыл бұрын

    @ look at you

  • 5 жыл бұрын

    @@johndub3866 I know far more than you, chimp.

  • @DrCruel
    @DrCruel9 жыл бұрын

    Naill Ferguson is entirely right. What a brilliant guy. His wife is quite sharp too.

  • @hairetikos6402
    @hairetikos64028 жыл бұрын

    Niall Ferguson is brilliant.

  • @dickyt1318

    @dickyt1318

    7 жыл бұрын

    not as good as Douglas Murray

  • 6 жыл бұрын

    If brilliant means racist halfwit then he's brilliant.

  • @archiebunker4108

    @archiebunker4108

    4 жыл бұрын

    @ Married to a Somali intellectual. How does that work, pal?

  • 4 жыл бұрын

    @Ross Rain You're an uneducated illiterate dunce you wouldn't know intelligence if it was fucking you up the shitter.

  • @alanharvey9094

    @alanharvey9094

    4 жыл бұрын

    @Well, it seems that your description of an uneducated illiterate dunce applies to you, you prick. You said about Niall Ferguson above, "If brilliant means racist halfwit then he's brilliant." .... but when somebody responded to you with, "Married to a Somali intellectual. How does that work, pal?" ... you have nothing to say on the matter ... now that shows you as a halfwit along with having the rest of your description of an uneducated dunce etc. applying to yourself. Twat!

  • @Rob-fx2dw
    @Rob-fx2dw11 жыл бұрын

    Of course Maggie was right. She was smart and level headed in almost everything because she stuck to principles and never let her eye stray from the objective of fixing the economy which is the prime reason she succeeded. The hindsight of what has happened is very wise but critical foresight is even wiser.

  • @ausseamore8386
    @ausseamore83864 жыл бұрын

    Whenever there is talk about British Prime Ministers only two come effortlessly to mind, Churchill and Thatcher.

  • @petergreen2552

    @petergreen2552

    4 жыл бұрын

    That's because the Tory media choose to gloss over Attlee because he was Labour. No PM since WW2 did more for ordinary people

  • @arkroyalrifemoonbasealpha6101

    @arkroyalrifemoonbasealpha6101

    4 жыл бұрын

    @@petergreen2552 They are all the same party politics needs exterminating and to be replaced by independents born in the areas they are chosen to serve no more parachutes full off strangers people need to look local and independent someone who actually cares about the area they represent not one who leaves the moment they are replaced

  • @politicalpartyagnostic268
    @politicalpartyagnostic2684 жыл бұрын

    Mature and logical adults understand and appreciate Thatcher. All others are find ways to diminish and revile her.

  • @bensteel3944
    @bensteel39446 жыл бұрын

    Niall Ferguson hits the nail on the head as to what labour has done to this country .... Even now I still see Thatcher at the time as a strong leader for this country ... yes she made some mistakes but who doesn't ..

  • @insanityrulestheday

    @insanityrulestheday

    5 жыл бұрын

    You mean "New Labour: aka Tory Blair whose mentor was Margaret Thatcher, after all, that's why she boasted in an interview that he would carry on her policies when he was elected in 1997.

  • @alanblog4628

    @alanblog4628

    4 жыл бұрын

    @@insanityrulestheday Any detail on that claim at all? Please go on to which of Thatcher's policies Blair actually followed and accomplished.

  • @ashenden1928
    @ashenden19285 жыл бұрын

    Love Maggie, respect from Chile

  • @petergreen2552

    @petergreen2552

    4 жыл бұрын

    Yeah, Pinochets best mate. A brutal unelected dictator with no love for human rights.

  • @feonor26

    @feonor26

    3 жыл бұрын

    @@petergreen2552 Which was installed by Kissinger and his cronies. Got nothing to do with Thatcher, why even bring it up?

  • @danielmcdermott138

    @danielmcdermott138

    2 жыл бұрын

    @@feonor26 Because she vociferously defended him till her dying breath, despite his contempt fot democracy and appalling human rights record.

  • @johnnyforeigner4768
    @johnnyforeigner47685 жыл бұрын

    Did the Bloomberg interviewer do absolutely NO RESEARCH beforehand?

  • @adrianfisher3349
    @adrianfisher33497 жыл бұрын

    He's quite right.

  • @VCYT
    @VCYT4 жыл бұрын

    7:45 - This sounds like how Boris was treated in 2019 !

  • @markbennett2464
    @markbennett24644 жыл бұрын

    Best prime minster Britain has ever had .... End of !

  • @ellentaylor4351
    @ellentaylor43513 жыл бұрын

    What a huge shame her own party damaged her yet she was and still stands tall as a Brilliantly clever Leader,

  • @speshul7525
    @speshul75254 жыл бұрын

    Spot on, I agree with the professor. I worked in Washington, those 2 leaders, are the greatest leaders in the modern era.

  • @klnine
    @klnine6 жыл бұрын

    maggie was adored in the UK by the middle class, the tax payers BTW

  • @insanityrulestheday

    @insanityrulestheday

    5 жыл бұрын

    The Tax payers BTW were the people like me who paid the Tory Poll and Council tax, which was a tax levied on the individual, as opposed to the original and more just tax, the rates which had been traditionally paid by the householder only. The poll and Council Tax was a discriminatory taxation against people like myself who were born into poorer households and forced into Conservative youth slave training schemes straight from school in the early 1980s, working a 40 hour week job for £35.00 a week(approximately 88 pence an hour). Thanks to Thatcher the Snatcher, I was forced by the corrupt Tory state as a woman out working without any children straight from school (so no extra top up child benefits or working tax credits) to pay annually for the past 30 years Poll and Council taxes starting at £55.00 a month, then £65.00 a month and eventually £90.00 a month. The fairer tax, the rates had been paid by the householder only, who had traditionally been the husband in the household, but thanks to Thatcher I along with other members of my family who were living at home with their parents and working for minimum wage only, had to pay this taxation. As the Tory mafia sent two delegates out to my parents household while I was at work and told my mother to advise me that I had to pay this corrupt and unfair tax, so that instead of one payment by the householder, it was also payable by his wife and any working adults still living at home. It was a discriminatory tax against the working class poor households who lived as a traditional family, only the single parent Freeloaders who had social workers to secure council houses for them and welfare benefits, naturally didn't have to pay this tax, for their work was keeping the labour ward of the maternity hospital busy, not the labour of the workplace. After all, that's why I paid most of my meagre earnings on high poll and council taxes for the right to have no family life, while thanks to Thatcher the Milk Snatcher, the single parents who have never worked or paid any taxes got their right to a family life, as well as being subsidised by the taxation of people like myself. That's real social equality for you, instead of "from each according to his ability to each according to his need", Thatcher's maxim was "from each according to his NEED to each according to his GREED"!!! After all, the money I was working a 40 hour week for was my NEED, and thanks to Thatcher's unfair poll and council taxation I was robbed of my earnings and never got my right to have children of my own who would be able to help me in later life as I had helped my parents. Thatcher was nothing more than an EVIL Collective CUNT. After ALL, it's a CRIME, that after years and years and years, of hard toil and paying Taxes, I've not got a DIME, in the land of the SWINE. Only a CUNT Society robs a woman of her right to have a family life and children of her own because she is forced out to work full-time straight from school for minimum wage only and doing the work needed to maintain the stability of a Society and then have the audacity to rob her in high Taxation of what little money she is earning, after all, that should have been my savings for later in life, because thanks to the Cunt Collective I don't have any children who can work and assist me in my later years. Thanks to the GREEDY Mother Fuckers known as the CONSERVATIVES.

  • @FightFairLoseEasy

    @FightFairLoseEasy

    4 жыл бұрын

    @@insanityrulestheday What a loada bilge

  • @FightFairLoseEasy

    @FightFairLoseEasy

    4 жыл бұрын

    She won three elections as a direct result of the working class shifting their vote to her

  • @insanityrulestheday

    @insanityrulestheday

    4 жыл бұрын

    @@FightFairLoseEasy As William Blake rightfully states, "A TRUTH that's told with bad intent, BEATS all the LIES YOU can INVENT"!

  • @FightFairLoseEasy

    @FightFairLoseEasy

    4 жыл бұрын

    @@insanityrulestheday and? So what? I didnt invent any lies its a FACT that between 15-20% of the working class vote shifted to vote Thatcher. The COUNTRY as a WHOLE from the poorest up was better off after 10years of THATCHER AND THAT IS ANOTHER FACT!

  • @duncanbull959
    @duncanbull9594 жыл бұрын

    Our greatest peace time PM . She and Churchill were giants in politics and on the world stage. Margaret Thatcher was simply superb.

  • @bernardwatts5339

    @bernardwatts5339

    4 жыл бұрын

    Peacetime? She was the most unpopular prime Minister ever till the Falklands War.

  • @commonsense8871
    @commonsense88717 жыл бұрын

    whether you like it or not the tories went into decline after she went , the poll tax was a good idea just set too high but we would have been out of europe by now and our country would be better off now

  • @robouteguilliman1020
    @robouteguilliman10205 жыл бұрын

    Thatcher was the greatest and would have done a superior job with Brexit than Theresa May.

  • @FightFairLoseEasy

    @FightFairLoseEasy

    4 жыл бұрын

    She would have been swinging that handbag around in Brussels like an Olympic hammer thrower

  • @roodborstkalf9664

    @roodborstkalf9664

    4 жыл бұрын

    May had no clue about the art of negotiation

  • @tnakai1971jp
    @tnakai1971jp11 жыл бұрын

    I am an uneducated Japanese of humble means but I hope I am allowed to ask a questions. What would have ensued if absolutely no central bank took absolutely no action? I am curious how markets would have responded and behaved if absolutely no liquidity and funds were provided by the central bank. Some argue that everyone's and everybody's balance sheets would have self-cleansed very quickly.

  • @176cadbury
    @176cadbury6 жыл бұрын

    Brilliant

  • @robertthistlewood5892
    @robertthistlewood58923 жыл бұрын

    Thanks to people like you.

  • @paulgibbons2320
    @paulgibbons23204 жыл бұрын

    We just want to leave. If we are still sovereign. What on earth is the problem? EU is not a dictatorship is it??? 😂

  • @thomasm1964

    @thomasm1964

    4 жыл бұрын

    Paul Gibbons I think we both already know the answer to that question!

  • @alanblog4628

    @alanblog4628

    4 жыл бұрын

    @@thomasm1964 Yes, indeed you both do I'm sure. We need OUT!

  • @renepiepenburg1697

    @renepiepenburg1697

    4 жыл бұрын

    😂😂 Almost choked on my coffee. The funniest comment so far, mate.

  • @theoraclerules5056
    @theoraclerules50564 жыл бұрын

    Forty years afterwards the British People are now still saying, four years after their successful BREXIT Referendum, “EU - Let us have our country back!” Ironic isn’t it!!

  • @NeilGastonguay
    @NeilGastonguay3 жыл бұрын

    An excellent analysis and a clear vision of the situation and Mrs. Thatcher's correct response to it. She saved the UK and was a pivotal character in bringing down the Iron Curtain. Hera reputation will grow as history progresses.

  • @Papirblomster
    @Papirblomster4 жыл бұрын

    She was pushed out because she became against EU.

  • @onnyholdaway
    @onnyholdaway6 жыл бұрын

    French Renault now controls Nissan and Samsung, Italian Fiat now controls Chrysler; those governments handled changes in their respective auto industries in the 1980s much more cleverly than Thatcher's.

  • @nancyhobson9710
    @nancyhobson97104 жыл бұрын

    What we need now is politicians every bit as tough as Mrs Thatcher. No time for wishy washy.

  • @tnakai1971jp
    @tnakai1971jp10 жыл бұрын

    I shall, thank you.

  • @alphabetaxenonzzzcat
    @alphabetaxenonzzzcat4 жыл бұрын

    But Ferguson was a remainer, but has at least accepted the result of the referendum.

  • @hisdivinegraceimperialmaje4178
    @hisdivinegraceimperialmaje41783 жыл бұрын

    the fellow is spot on about 13 years of labour !

  • @klnine
    @klnine6 жыл бұрын

    no matter what Thatcher inherited a CF ! she resolved most issues

  • @smujismuj
    @smujismuj8 жыл бұрын

    Privatization of individual, small scale property is a good thing. Privatization of shared resources and public works is not. Globalization for the purpose of regulating human rights and human interaction is a good thing. Globalizing Corporations and Labor Markets for maximum profit is not.

  • @jimjefftube
    @jimjefftube5 жыл бұрын

    Of course she was right and I’m stunned that you didn’t recognize it?

  • @TheConciseStatement
    @TheConciseStatement11 жыл бұрын

    That's right Niall. Exactly the same thing HAS happened in the US : manufacturing has been absolutely slaughtered in too many key cities.

  • @hugebrown36
    @hugebrown364 жыл бұрын

    This guy is right "MT" was a leader & lead she did, The Labour Party have made rods for so many backs. Still idiots will vote for them because they think their a people party, My left pile their for the people..."MT" Rest In Peace, Your own party did what no other country could do, Got you out of power!

  • @politicalpartyagnostic268

    @politicalpartyagnostic268

    4 жыл бұрын

    Trojan horse warfare. Enemies always infiltrate and occupy. It was the only way her enemies could take her down. They chose sabotage her from within her own party. Happens everywhere. Happens in the U.S. for sure. One world government is ultimately the end of the world. The ultimate world implosion.

  • @robertmoore6149
    @robertmoore61494 жыл бұрын

    News flash. Europe has ALWAYS "been a mess". It's always been 2 steps forward, one step back. (America is 3 and 2, but that a different story). The solution isnt being petty, small minded and provincial. But that's fine. Britain is getting used to its proportionally ever decreasing role in the world. It'll be amusing to listen to Brexiteers try and persuade the Scotish National Party that somehow leaving the EU is different than leaving the UK. Or Northern Ireland Or even Wales for that matter. Be careful what you wish for, you may just get it.

  • @darbyheavey406
    @darbyheavey4064 жыл бұрын

    Reagan, Thatcher, and John Paul- the three horseman of the Soviet Apocalypse.

  • @jeanraines3215
    @jeanraines32154 жыл бұрын

    John Major then stabbed her in the back. John Major should be investigated why he Prorogued Parliament even at this late date. Dig up dirt on Boris at your peril

  • @DrCruel
    @DrCruel11 жыл бұрын

    Sure it does. When political corruption makes business impossible in the Middle Ages, merchants had to muddle through regardless. Nowadays they can move to places that are more friendly to business - and automation makes these kind of enterprises very profitable. This is not only why the Chinese get richer as Americans get poorer, but also why cars are now made in the American south rather than in Michigan.

  • @SpottyDorsord
    @SpottyDorsord11 жыл бұрын

    Positions (pl). To make them overarching and grand, rather than specifically revealing.

  • @imanomad557
    @imanomad5574 жыл бұрын

    Thatcher had the choice and chance to get us out but didn't, she's no hero.

  • @Rob-fx2dw
    @Rob-fx2dw11 жыл бұрын

    You did not have a labor market in the nationalized industries in UK. You did not have a labor market since a market is where people are free to operated on a buyer seller basis. What you had was basically two bodies - government monopoly owner and a union monopoly supplier of labor. No market there.

  • @DrCruel
    @DrCruel11 жыл бұрын

    I suspect it had more to do with taxpayers voting her in again and again, despite the best efforts of the champagne socialists and Bollinger Bolsheviks . Scargill might have been put out, but the innocent taxpayers who were forced to pay for his lifestyle appreciated the relief. The polls reflected that reality.

  • @pauros38
    @pauros383 жыл бұрын

    Tough Leaders are paramount to success...Margaret Was....Her legacies live on. They are not always popular but sometimes you "Have to be cruel to be kind"

  • @MATT-dw3lu
    @MATT-dw3lu3 жыл бұрын

    A wonderful woman

  • @trudilm3864
    @trudilm38644 жыл бұрын

    I worked in manufacturing after school, durin that period. He/she is right: We can be proud of inventing industrialisation, but we didn't move on from our early success. I didn't appreciate it at the time - "You can't privatise profits and nationalise losses'. Industrialists need to invest in technology and product development and not expect the taxpayer to finance it for them. And she was wrong, really?

  • @Master1906
    @Master190611 жыл бұрын

    Wait, what? You say he thinks he knows more than he does, but then say he is more interested in the coherence of his position rather than developing his engagement with the topics. They seem to contradict each other.

  • @Iazzaboyce
    @Iazzaboyce6 жыл бұрын

    She was a member of the government in 1972 when the UK was joined to the federal Europe project without a referendum and after a manifesto promise not to. She opposed having Labour's 1975 in/out referendum saying on BBC radio 2 that the British people were too thick to have a vote on membership of the federal Europe project and during the 1975 referendum she campaigned with a stupid jumper to remain in the federal Europe project. As prime minister she opposed/prevented Labour's 1983 manifesto pledge to withdraw from the federal Europe project and she kept the UK in the federal Europe project until she left office in 1990...

  • @jorgegomez524
    @jorgegomez5244 жыл бұрын

    6 years later UK and US looks much more a mess than Europe.

  • @debateit5174

    @debateit5174

    4 жыл бұрын

    No they don't at all, wtf are you smoking? Bother have growing economies and some of the best employment rates in years.

  • @wmurray689
    @wmurray6893 жыл бұрын

    I like this guy. Lets see what books he's written..

  • @HenryMcGuinnessGuitar
    @HenryMcGuinnessGuitar4 жыл бұрын

    Yes well polls in October 1990 said that if Thatcher were replaced by Major, people would overwhelmingly vote Conservative; if she stayed on they'd vote Labour. People were fed up with her, and I certainly was, too. It was 2 years till the election and perhaps that's a logical time to switch leader. But look at who ousted her: the powerful EU-phile wing of her own party. Perhaps she hadn't looked after the eurosceptics well enough. But Major, Heseltine, Clarke: they're still being a pain in the neck to this day... And they got rid of her because she was turning more eurosceptic herself

  • @bernardwatts5339

    @bernardwatts5339

    4 жыл бұрын

    She left the economy in a mess.

  • @xavierspade9878
    @xavierspade98787 жыл бұрын

    Well there's your answer. If you just get the right bureaucrats into power to rule over you, then nirvana and shangri-la. And if corrupt politicians run the show some or most of the time, then it still has to be better than freedom and individual sovereignty, right??

  • @perspicacious_observer
    @perspicacious_observer5 жыл бұрын

    This is how journalists were like...professional, courteous, gently pushing but never accusing, getting people to spell their own beliefs out. And look at TV journalism now, in it's death throes.

  • @johnnyreggae969
    @johnnyreggae9697 жыл бұрын

    Mrs Thatcher fantastic leader i don'nt think they broke the mould they made another Mrs May !!!!!

  • @iwestminster544

    @iwestminster544

    7 жыл бұрын

    Are you mad? she began the rot. That damn tunnel is her legacy, she paved the way for every Tom, Dick and Haroo to come over here illegally, on the backs of wagons. She also set the foundations for virtually all our industries to be swallowed up by globalist firms.. and then there was the selling off of social homes, which created the rental squeeze on low-wage families. Thatcher sold Britain down the river cheap, everything was for sale and now we own nowt. May is another mentally ill nutter, it's amazing how strikes are synonymous with the Tories, they're taking working class people for granted, just like New Labour did, don't be surprised if UKIP take enough votes in 2019/2020 to mean the Tories can't win a majority, you reap what you sow and this bent government is failing the working class.

  • @johnnyreggae969

    @johnnyreggae969

    7 жыл бұрын

    i lived through the winter of discontent the three day week candles etc that was'nt Mrs Thatcher fault it was the greedy unions and bad management the country was on its knees Mrs Thatcher and her goverment tackled it head on and created a new economy The Labour party have yet again bankrupted the country and left the conservatives to clean up the mess and with Mrs Mays leadership im confident for the future

  • @dickyt1318

    @dickyt1318

    7 жыл бұрын

    i agree with your comments up to the last sentence. What do you base your confidence in Teresa May on? Her time as Home Secretary was both long & ineffectual. Sorry but I see her as a committee member rather than the leader of a Country.

  • @intagliooglethorpe8434

    @intagliooglethorpe8434

    6 жыл бұрын

    Richard of ORPINGTON she took office in a backdoor coup to keep out Boris the comedian, not out of any competence. There's been a dearth in capable leaders since Blair & the UK is losing it's damn fool mind listening to Corbyn's Pied Piperism when he's winning votes from dupes born after Callaghan who don't know he's sprinkling fairy tale rainbows w/horseshit.

  • @hidwar

    @hidwar

    6 жыл бұрын

    idiot

  • @laurencehughes4767
    @laurencehughes47676 жыл бұрын

    Donald Trump and Nigel Farage; 'If you are not causing trouble, your probably not solving the problem.' US and UK saves the west again.

  • @politicalpartyagnostic268

    @politicalpartyagnostic268

    4 жыл бұрын

    Time will tell.

  • @garydownes7074
    @garydownes70743 жыл бұрын

    What she could do with this majority, and we have what !! She would have walked away in 2016 this shambles will still be talking when I am dead

  • @thomHD
    @thomHD9 жыл бұрын

    Niall Ferguson is a brilliant historian but the archetypal gut conservative. "Labour's answer was to throw money at the welfare state and let the banks run amok". Well.. the conservative's answer was to let the banks run amok... full stop. It's the move away from real manufacturing and towards service sector that led to boom and bust and Europe's weakened position against emerging economies today.

  • @Phangmaster

    @Phangmaster

    7 жыл бұрын

    It was Brown that removed the safety net from the banking sector, and sold off our gold stores at a stupid price. Also manufacturing shurnk far more under Labour after 1997 than it did under the previous Conservative government, a myth that's conveniently ignored by the Left. The rise of China and others as huge manufacturing powers based on super cheap labour meant that the UK could never be the world's top manufacturer again. Having said that we're still something like the 8th largest manufacturer in the world today, despite all that.

  • @kevinbillington9773

    @kevinbillington9773

    6 жыл бұрын

    yep, Germany has to be the manufacturing super power in Europe, the EU was set up for that. Federal Europe was set out by Wahlter Funk.

  • @gleeart

    @gleeart

    5 жыл бұрын

    ref. manufacturing decline, she is pilloried for overseeing alot of that decline but she's an easy target, take a longer view & its obvious that with labour laws in the west starting to fill volumes with legislation that is was much easier to export the jobs & then import the goods. Also not to be forgotten is the clear out of many middle management tiers from that time to now, some say it was loading more work onto less staff, others that it was vital dead wood clearance in the face of streamlined international comp

  • @PrivateAckbar
    @PrivateAckbar9 жыл бұрын

    Thatcher had monetarist advisors. The good thing about right wing keynesians is they were for monetary nationalism and against the idea of one world central bank monetising international debt. But Thatcher wasn't advised by sound money Austrians.

  • @TheDHEL13
    @TheDHEL137 жыл бұрын

    A legendary lady.

  • @frederickmiles327
    @frederickmiles3274 жыл бұрын

    I only half agree with Mr Ferguson on this. Its fascinating to look at the film of the last tram cities of 1958 Glasgow and Sheffield, and Sheffield is somewhat shocking and shattering in its starkness, but Glasgow is in a different league, in the late 1950s, still the second city of the Commonwealth a dynamic metropolis, even in a sense culturally and some of its shipyards and rail builder's are still brilliantly innovative, Fairfield or North British, normally seen as the last great steam builder, but whose craftsman unique ability to work lightweight steel really saved British rail electrification from complete disaster and made the lightweight electrics of the west coast mainline electrification possible and rapid dieselization of the western region with diesel hydraulics possible.

  • @martinjay3570
    @martinjay35703 жыл бұрын

    British Leyland was typical example of a failing industry always on strike and employed a lot of people doing very little.

  • @johnsmythe7940
    @johnsmythe79404 жыл бұрын

    Was she removed by Globalis?

  • @davidlewis5780
    @davidlewis57803 жыл бұрын

    The unions brought these closures on themselves, if the wrong person sneezed there'd be a wildcat strike with pickets on every gate.

  • @darwinsape9901
    @darwinsape99014 жыл бұрын

    Niall KNOWS what British Industry was like in the 1970's..... Mid 1970's Niall was 11 years old.... His grandmother, not Niall, lived next door to a Steel Works... that's a wide view of 1970's Britain Niall... that fits alongside the statement... I have a friend that's "such and such"...so therefore, I know ALL about "such and such".... who thinks this candidate would or should pass a job interview? As Niall went to University in the early 1980's, this means that he received Student Grants... Luckily, he is now a History Professor at a Pay for Education establishment and can perhaps get his students to read about what an Educational Grant was in Great Britain back in the day. I wonder whether that Steel Works is still operational today????

  • @SpottyDorsord
    @SpottyDorsord11 жыл бұрын

    I've got to give you "word porridge" though, that was pretty funny. Deftly employed.

  • @shaun3473
    @shaun34734 жыл бұрын

    Thatcher seems to be one of them politicians you either love or despise, I don’t know a lot about her so can’t really make an informed opinion

  • @KKTR3

    @KKTR3

    4 жыл бұрын

    The spook you could start off been indifferent start to hate her and with time end up wishing for her back but still knowing wrong on many things

  • @craighobson1797
    @craighobson179711 жыл бұрын

    globalisation and automation nothing to do with politics

  • @christineholloway9075
    @christineholloway90754 жыл бұрын

    Thatchers the one who started the decline in the uk , she closed down the mines steelworks , factory’s its just got less and less since and still going

  • @paulbennett4079

    @paulbennett4079

    4 жыл бұрын

    Unions were the downfall of industry in this country. I know because I worked in the 1970's in engineering

  • @politicalpartyagnostic268

    @politicalpartyagnostic268

    4 жыл бұрын

    Christine Holloway 😖aye aye aye aye aye. You be mighty wrong.

  • @charr007
    @charr0073 жыл бұрын

    A question how much tax paid Thatcher ?! For the 30 million house she lived

  • @dianerogers8805
    @dianerogers88053 жыл бұрын

    Maggie and Churchill. Best Prime Ministers this country have ever had.

  • @johndarson5316
    @johndarson53165 жыл бұрын

    Thatcher was a primary driver of neoliberalism. That also means being a primary driver of outsourcing, capital flight, and financialization. Much of the question surrounding Brexit pertains to the state of manufacturing in the country, and the proportion of exports versus imports. The present situation in 2018 is that the UK has a significant current account deficit, meaning it imports more than it exports. If the UK is committed to breaking away from the control of the European Union, then this is a serious setback. The financial industries want to continue to reap the rewards proffered them by the very design of the neoliberal system, and naturally oppose true state sovereignty. Loss of sovereignty means loss of security, in addition to cultural estrangement. In short, Thatcher contributed to the vexing issues concerning sovereignty for the United Kingdom, and its facilities for casting off the EU.

  • @politicalpartyagnostic268

    @politicalpartyagnostic268

    4 жыл бұрын

    John Darson Your comment is a Very inaccurate and manipulative reconstruction of reality.

  • @larsla348
    @larsla34811 жыл бұрын

    does someone know if niall has jewish ancestry, hes scottish propably calvinist parents and he is atheist. Sounds like he is pretty israel friendly. answer someone please. sorry for my english.

  • @akazicool87
    @akazicool873 жыл бұрын

    Swinging her handbag metaphorically !

  • @crispinchip7569
    @crispinchip75699 жыл бұрын

    When both your parents have benefited from the stability of being employed by the state, as Niall's have, and when their remuneration for those jobs was at such a level that it afforded Niall a private education, and when you also went to, arguably one of the best university in the world, at a time when your tuition fees and living costs would have been paid by the state, as Niall did, when you have had that sort of background, it makes it difficult to understand why you would have such an issue with left of centre politics and why you would lionise someone who made it their business to diminish those gifts.

  • @tincoffin

    @tincoffin

    8 жыл бұрын

    +Karl Roberts You need to put an emoticon for irony at the end . Absolutely right I did not want to pay for it

  • @GrumpyOldMan9
    @GrumpyOldMan911 жыл бұрын

    He turns thing upside down. He's saying it's a good thing that the UK didn't join the Eurozone, because look what a disaster it turned out to be. Of course, if indeed it turned out to be a disaster, it's because a major European country has fought it since the beginning with all its political power. Excellent logic, Ferguson ...

  • @celestialteapot3310
    @celestialteapot33107 жыл бұрын

    So how did Germany keep it's industrial base? lt's much easier to be a fan of Thatcher when you've never been on the receiving end.

  • @zx9446

    @zx9446

    7 жыл бұрын

    Thatcher saw industrial communities as "the enemy within". There has been a study published by Sheffield Hallam University in 2016 showing that areas with the highest amount of welfare claimants still are those that were rapidly deindustrialised 20 years ago. Nevermind that this country's power stations are still dependent on coal, or that we need steel for HS2 -- the government would rather import those things from China and Russia. Thatcher was an economic disaster for those outside of the city, and destroyed jobs for political reasons, offering nothing in return and we are reaping the rewards with brexit etc.

  • @johnwhite6346

    @johnwhite6346

    7 жыл бұрын

    Allan Jones Niall is one of those Brits who tells us how good someone is yet chooses not to live in that country.our country is in a mess because thatcher sold everything off and now we have brexit the back lash.housing is a mess and NHS is a mess due to under funding

  • @celestialteapot3310

    @celestialteapot3310

    7 жыл бұрын

    John White Agreed, Brexit and Trump are reactions to the neoliberalism supported by the right and the liberal elite. Labour will be decimated by UKIP

  • @insanityrulestheday

    @insanityrulestheday

    7 жыл бұрын

    Thatcher was "the ENEMY within" and a traitor to Britain and the hard working British people. Only a traitor would deliberately destroy the industrial infrastructure of their country which had once enabled Britain to have a power of autonomy and be self-sufficent, and leave them dependent on imports from rival nations resources.

  • @insanityrulestheday

    @insanityrulestheday

    5 жыл бұрын

    @@johnwhite6346 That's because he's obviously a patronising Hypocrite.

  • @barriebrunsden
    @barriebrunsden6 жыл бұрын

    she never did f/a for me

  • @stkenno8758
    @stkenno87587 жыл бұрын

    Read cash nexus. This fella knows his shit.

  • @gailgoodwin8942
    @gailgoodwin89425 жыл бұрын

    🇬🇧🇬🇧🇬🇧👏👏👏🇬🇧🇬🇧🇬🇧

  • @SimonSverige
    @SimonSverige7 жыл бұрын

    All of what he says is as applicable today. Theresa May and Donald Trump and Europe have to outspend Putin on defence and up our game. This time it is the banks and media that need fixing and not the unions and manufacturing. Now we need to bring all the high tech industry home and get rich and strong and powerful together. The world needs NATO to show that it is serious.

  • @nirish25
    @nirish257 жыл бұрын

    His Name is NIALL NOT Neil. NIALL is an IRISH name and it's pronounced the same as the river nile.

  • @felixtzu

    @felixtzu

    7 жыл бұрын

    Nope. He pronounces his name as if it it were 'neil'. This spelling and pronunciation combination is common in Scotland.

  • @nirish25

    @nirish25

    7 жыл бұрын

    NO you are wrong . It's an IRISH name . I should know as I am Irish and It's MY name . Niall is a male given name of Irish origin, thought to mean "champion" (derived from the Old Irish word niadh meaning warrior or champion)

  • @nirish25

    @nirish25

    7 жыл бұрын

    It doesnt matter if its common in Scotland . It's an IRISH name. And I know how to pronounce my own name. It's a common name in Ireland because its an Irish name . Just because a few people in scotland are called it does not mean its scottish/ Look up the origions and correct pronunciation of it and you will find its and Irish name pronounced nile. A dynasty of Irish kings was founded by Niall of the Nine Hostages.

  • @pfacontractor1573

    @pfacontractor1573

    7 жыл бұрын

    Niall T Neal in the UK is spelled as Niall.

  • @iddn

    @iddn

    7 жыл бұрын

    pfà contractor no it's not

  • @andrewmckay2118
    @andrewmckay21185 жыл бұрын

    Ferguson slaps down this corporate media morom See his nostrals fleraing up his mind virus couldn't help him win the conversation because it's all a constructed lie

  • @utkukoksal5278
    @utkukoksal52784 жыл бұрын

    Best post war PM

  • @ianwhiteley5102
    @ianwhiteley51024 жыл бұрын

    She sacked all the work force closed all industery down a traitour

  • @3rdEyeWide

    @3rdEyeWide

    4 жыл бұрын

    She was before my time but when you talk about the manufacturing industries the decline in those sector across great swathes of the developed western world (including the U.K., U.S.A and my own country - Australia) seems to suggest the cause/s are greater than one politician. Might I proffer the proliferation of cheap, third-world labour as the primary driver?

  • @ianwhiteley5102

    @ianwhiteley5102

    4 жыл бұрын

    @John Henshaw lol you are blind if im blibkerd thacher the kids milk snatcher sacked over 80.000 coal miners just to inport coal. closed the steel works 40 00 workers sacked soild the north sea oil to the yanks closed our fishing industry wake up fool . Case of me and my banker freinds are fine f the working man destroy his family im blinkerd bhahahahahabhahaha a laugh and spit in your face fool

  • @Mike-tb5gj
    @Mike-tb5gj4 жыл бұрын

    I now believe my anger which was aimed at Mrs thatcher was sometimes misplaced. With the all too fabulous benefit of hindsight, I feel she had a vision. Although manufacturing was decimated, this was not only due to her policies - do not forget the influence of the EU in "compartmentalising" manufacturing - this is why we don't make cars....the Germans do. We don't mine coal - the French do. We don't fish to our capacity......the EU has "farmed that out" (forgive the semi-pun!) The Common Agricultural Policy is the most backward and counter-productive mechanism that the EU has ever introduced, slavishly engineered toward the French farming industry, which is inefficient and has no reason to reform, due to CAP. Before we malign this woman, think of her "victories"....like that against the unions, who had, at that time, over-stepped their authority and were too powerful by far. When analysing Mrs Thatcher's legacy, factor in the movements of the EU. She alone was the person who they were petrified of...….they were indeed "a weak lot"!!!! If we have anyone now with the capacity and relentless drive that she had, please show me. The mediocre, self-seeking EU apologists we have at the moment are mere shadows of Mrs Thatcher - if she was still here, they would not stand a chance. I am still not a great lover of hers overall, but she was undeniably a strong and driven woman, who had a vision for this country and our relationship with Europe. Could you imagine the limp-wristed Barnier even trying to compete with her? Or the irritating Verhofstadt? She would have "handbagged" them in a flash and reduced them to the whimpering, effeminate specimens they are.

  • @bernardwatts5339

    @bernardwatts5339

    4 жыл бұрын

    Wrong. "we don't make cars....the Germans do." Yes we do. "don't mine coal - the French do." No they don't. "She alone was the person who they were petrified of." No they weren't, the Act of the political union of the EU was signed in 1986.

  • @richardfox6595
    @richardfox65954 жыл бұрын

    I don't understand Niall Ferguson. If this was 2013 he'd cottoned on to the problems with the EU project, rare for an academic to see that reality. In 2016 for some unknown reason he became a Remainer, and afterwards he's claimed to be a Leaver again.

  • @Rob-fx2dw
    @Rob-fx2dw11 жыл бұрын

    Thatcher was against the Euro. Your information is wrong? The real reason economies and countries fail is poor economics and management just as any business fails simply because it does not produce enough goods people are willing to pay for at a price competitive with others. Even wars are lost because of this fact. WW1 and WW2 are prime examples of smaller economies fighting larger ones and failing. Other examples are the USSR where prices of goods were 'fixed' by central government.

  • @donaldharvey763
    @donaldharvey7634 жыл бұрын

    Yes and coal workers were beaten and battered by british police for there rights to strick and picket

  • @CanoeToNewOrleans
    @CanoeToNewOrleans6 жыл бұрын

    Give it up Niall - the Russians defeated the Nazis not Churchill.

  • @murieloduro1274
    @murieloduro12744 жыл бұрын

    Does Britain manufacturing go back to the years of slavery and the making of sugar

  • @jimhump3575

    @jimhump3575

    4 жыл бұрын

    OH THE RACIST OBSEESED BLACK WOMEN THAT LIVES IN THE WEST, BUT WONT GIVE IT UP AND MOVE BACK TO MOTHER AFRICA, HYPOCRITE,, N IAM A BLACK CONVERTED TO ISLAM , NOW KNOWING MY ANCESTORS WERE SOLD INTO SLAVERY BY MY OWN AND NOW I FOUND OUT THAT THE ARABS ENSLAVED MY PEOPLE FOR 1400 YEARS AND I LIVE NOW IN AFRICA ,STRUGGLING

  • @MrWilko58
    @MrWilko585 жыл бұрын

    If Maggie was so fantastic, why did her own party stab her in the back?

  • @politicalpartyagnostic268

    @politicalpartyagnostic268

    4 жыл бұрын

    Politics is devilish.