Mrs.Thacher the Saviour of European Economy

CRISIS OF MODERN CIVILISATION
BY
P.V.KURIAN

The British people as a whole are carried not by idealism but by pragmatism. The Labour Government brought many fundamental changes in the economy and they were on the whole in the right direction. But unfortunately the Trade Unions began to function as a heavy stone around the neck of the Labour Government and dictated terms to the Government. The British People enmasse resented this arrogance of the Trade unions. Trade Unions started endless strikes which which shattered Britain's economy. The labour Government lacked managerial efficiency. The traditional conservative British People preferred efficiency in management of  the Governmental affairs to policies and and voted for Mrs. Thacher and Tories.
Mrs. Thacher, the iron woman was an able administrator. She put a stop to the drifting of affairs. The economy showed some sign  sign of improvement. One may be surprised to know that Mrs. Thacher is looked upon by the British People as a great revolutionary. Mr. Winston churchill saved Britain from Nazis and Hitler. Mrs. Thacher saved Britain from economic chaos and collapse. The trend in Britain  for managerial efficiency in economy reminds one of the weimer Republics, the economic collapse of the post war Germany in the thirties  which led to the rise  of the Nazis and Hitler as the  saviour of German economy. In Italy also economic chaos  led to the rise of the Facism and Musolini who promised the Italian people the glory of the Roman empire. Economic  collapse led to the failure of  Liberals and Socialists in the Europe since European Socialists were mostly concerned  with distribution  of National Wealth than stepping up of production and giving new dimensions to socialist thought and action.