WASHINGTON — She had the eyes of Caligula and the lips of Marilyn Monroe. So said Francois Mitterrand, the last serious socialist to lead a major European nation, speaking of Margaret Thatcher, who helped bury socialism as a doctrine of governance.
She had the smooth, cold surface of a porcelain figurine, but her decisiveness made her the most formidable woman in 20th-century politics, and England's most formidable woman since its greatest sovereign, Elizabeth I. The Argentine junta learned of her decisiveness when it seized the Falklands. The British, too, learned. A Tory MP said, “She cannot see an institution without hitting it with her handbag.”
She aimed to be the moral equivalent of military trauma, shaking her nation into vigor through rigor. As stable societies mature, they resemble long-simmering stews — viscous and lumpy with organizations resistant to change and hence inimical to dynamism. Her program was sound money, laissez faire, social fluidity and upward mobility through self-reliance and other “vigorous virtues.” She is the only prime minister whose name came to denote a doctrine — Thatcherism. (“Churchillian” denotes not a political philosophy but a leadership style.) When she left office in 1990, the trade unions had been tamed by democratizing them, the political argument was about how to achieve economic growth rather than redistribute wealth, and individualism and nationalism were revitalized.
And the Labour Party, shellacked three times, was ready for a post-socialist leader. Tony Blair was part of Thatcher's legacy.
Time was, Labour considered itself the party of ideas and Tories preferred balancing interests to implementing political philosophy. But by the 1970s, Labour was a creature of a single interest group, the unions, and the Tories, who made Thatcher their leader in 1975, were becoming, as America's Republicans were becoming, a party of ideas.
Britain has periodically been a laboratory for economic ideas — those of Adam Smith, John Maynard Keynes, the socialism of postwar Labour. Before the ascendancy of Thatcher — a disciple of Milton Friedman and Friedrich Hayek — Tories tried to immunize Britain against socialism by administering prophylactic doses of the disease. But by 1979, Britain's fundamental political arrangements were at issue: Such was the extortionate power of the unions to paralyze the nation, the writ of Parliament often seemed not to run beyond a few acres along the Thames.
In 1979, she won the most lopsided election since 1945, when there had not been an election for 10 years. In 1983, she became the first Tory since 1924 to win two consecutive elections. In 1987, she won a third. Her 12 consecutive years were an achievement without precedent since the 1832 Reform Act moved Britain, gingerly, toward mass democracy. The most consequential peacetime prime minister since Disraeli, by 1990 she had become the first prime minister to govern through an entire decade since the Earl of Liverpool from 1812 to 1827.
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