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Different crisis, different times

Summary:
My latest piece in Inside Story. Standfirst is Has the Coalition learnt the wrong lessons from Margaret Thatcher? Thatcher saw that the existing system has failed and proposed a radical alternative. In that sense, we need to emulate her. We don’t need to trawl through the leftovers of her program: an uninspiring ragbag of policies that turned out to be either unworkable (money supply targeting, for instance) or so politically toxic that they are unsaleable even forty years later (notably the poll tax, which destroyed Thatcher’s prime ministership). Share this:Like this:Like Loading...

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My latest piece in Inside Story. Standfirst is Has the Coalition learnt the wrong lessons from Margaret Thatcher?

Thatcher saw that the existing system has failed and proposed a radical alternative. In that sense, we need to emulate her.

We don’t need to trawl through the leftovers of her program: an uninspiring ragbag of policies that turned out to be either unworkable (money supply targeting, for instance) or so politically toxic that they are unsaleable even forty years later (notably the poll tax, which destroyed Thatcher’s prime ministership).

John Quiggin
He is an Australian economist, a Professor and an Australian Research Council Laureate Fellow at the University of Queensland, and a former member of the Board of the Climate Change Authority of the Australian Government.

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