SERVING THE QUANTITATIVE FINANCE COMMUNITY

  • 1
  • 2
  • 3
  • 4
  • 5
  • 19
 
User avatar
Anthis
Posts: 4313
Joined: October 22nd, 2001, 10:06 am

RIP Margaret Thatcher

April 9th, 2013, 6:12 am

QuoteOriginally posted by: exneratunriskQuoteOriginally posted by: FermionNever has so much damage been done to society by such a vicious person. Not only a war-monger who made nuclear threats against Argentina and sent hundreds of young men to their deaths for oil rights across the other side of the world, but also declared war on the most important social institutions that bind people together.She once said "there is no such thing as society" and bucket loads of idiots followed her demagoguery as she handed a whole country over to the wealthy few and told everyone who had to work for a living that hey were spongers.And now obsequious sycophants all around the world sing her praises in the hope some other obsequious sycophant in the media will applaud them.I may be the only one to say that here, but the legions of Britons who lost their livelihoods in the 80s (as she destroyed Britain's manufacturing base and turned the country into a servant of capital) will know what I am talking about.And now we live with the legacy of her and Reagan's anti-social obsessions as banks rob us blind and laugh at the idea that they'll ever be regulated by anyone who is not in their pocket while their surrogate politicians impose "austerity" all over the world on the poorest folk.I am clearly not in the details of the political development of the UK - but I ask myself, why it happened: Wilson-Callaghan-->Thatcher?More general. Here in Austria we have a social democrat as pm - and for a me, a left ..., it is a torture: the stupidest we ever had .... We have elections this year: and I fear, a society-destroyer wiil be elected.If I remember right Thatcher was even a supporter of Pinochet's regime?I just wonder if her funeral will be organized by public sector or outsourced to the lowest bidding undertaker
 
User avatar
Paul
Posts: 9477
Joined: July 20th, 2001, 3:28 pm

RIP Margaret Thatcher

April 9th, 2013, 6:49 am

QuoteOriginally posted by: FermionShe once said "there is no such thing as society".She once actually said "I think we've been through a period where too many people have been given to understand that if they have a problem, it's the government's job to cope with it. 'I have a problem, I'll get a grant.' 'I'm homeless, the government must house me.' They're casting their problem on society. And, you know, there is no such thing as society. There are individual men and women, and there are families. And no government can do anything except through people, and people must look to themselves first. It's our duty to look after ourselves and then, also to look after our neighbour. People have got the entitlements too much in mind, without the obligations. There's no such thing as entitlement, unless someone has first met an obligation."And this is pretty much what everyone is now saying. She just said it 25 years before the current lot of bandwagon jumpers.P
 
User avatar
Cuchulainn
Posts: 59986
Joined: July 16th, 2004, 7:38 am
Location: Amsterdam
Contact:

RIP Margaret Thatcher

April 9th, 2013, 6:52 am

Her words were taken out of context then? Where did it go wrong? The BBC news last night was very nicely choreographed, I found. It chose its words gingerly. The media has such a strong influence on shaping public opinion.
Last edited by Cuchulainn on April 8th, 2013, 10:00 pm, edited 1 time in total.
 
User avatar
rmax
Posts: 6080
Joined: December 8th, 2005, 9:31 am

RIP Margaret Thatcher

April 9th, 2013, 7:22 am

QuoteOriginally posted by: FermionNever has so much damage been done to society by such a vicious person. Not only a war-monger who made nuclear threats against Argentina and sent hundreds of young men to their deaths for oil rights across the other side of the world, but also declared war on the most important social institutions that bind people together.She once said "there is no such thing as society" and bucket loads of idiots followed her demagoguery as she handed a whole country over to the wealthy few and told everyone who had to work for a living that hey were spongers.And now obsequious sycophants all around the world sing her praises in the hope some other obsequious sycophant in the media will applaud them.I may be the only one to say that here, but the legions of Britons who lost their livelihoods in the 80s (as she destroyed Britain's manufacturing base and turned the country into a servant of capital) will know what I am talking about.And now we live with the legacy of her and Reagan's anti-social obsessions as banks rob us blind and laugh at the idea that they'll ever be regulated by anyone who is not in their pocket while their surrogate politicians impose "austerity" all over the world on the poorest folk.I agree with much that is to be said here to be honest. However as I have got older then there are a couple of things that come to mind:1/ She did what she thought was right. She did not pander to public opinion. It was this that ultimately brought her down in terms of the poll tax. She liked to rule as a dictator. In someways this is better than the recent batch that are scared to do anything in case it is unpopular.2/ I don't think that the unions should have been broken; however you cannot have a business that is being subsidized by the government it makes not sense. What has happened in its place however is that there are more people who are dependent on the government in other ways, so people and employment are still be subsidized to some degree3/ She went mad at the end. No doubt. I think there was the beginnings of it with Tony Blair towards the end of his term; but with Thatcher she believed she could do no wrong
 
User avatar
Paul
Posts: 9477
Joined: July 20th, 2001, 3:28 pm

RIP Margaret Thatcher

April 9th, 2013, 7:46 am

@cuch Maybe with hindsight it didn't go wrong! On the 2-D Principles/Pragmatism chart she was in a better place than any PM since. @rmax i don't think she was mad. A journalist friend of mine interviewed Gordon Brown when he was PM. He couldn't run the story in the end because Brown was clearly certifiably insane. It's all relative!@exner You have to see how frightening the opposition was at the time. Michael Foot and Neil Kinnock. I think they saw the UK as a New Albania!P
Last edited by Paul on April 8th, 2013, 10:00 pm, edited 1 time in total.
 
User avatar
Cuchulainn
Posts: 59986
Joined: July 16th, 2004, 7:38 am
Location: Amsterdam
Contact:

RIP Margaret Thatcher

April 9th, 2013, 7:53 am

I liked the scene on Spitting Image; the cabinet are having dinner;MT: I'll have meatWaiter: and vegetables?MT: They'll have meat, too.Paul,I do agree with you on the 70s. Michael Foot.... Scylla and Charybdis
Last edited by Cuchulainn on April 8th, 2013, 10:00 pm, edited 1 time in total.
 
User avatar
Paul
Posts: 9477
Joined: July 20th, 2001, 3:28 pm

RIP Margaret Thatcher

April 9th, 2013, 7:57 am

My understanding is that the Spitting Image scene was the opposite of reality, in that she liked to argue. So she wanted strong characters around her. The opposite of Tony Blair who was so afraid of dissent that he made all decisions with just two toadies (Campbell and Lord Oil of Olay.)P
 
User avatar
Cuchulainn
Posts: 59986
Joined: July 16th, 2004, 7:38 am
Location: Amsterdam
Contact:

RIP Margaret Thatcher

April 9th, 2013, 8:16 am

Quote On the 2-D Principles/Pragmatism chart she was in a better place than any PM since. She was a supporter of the Khmer Rouge.
 
User avatar
ppauper
Topic Author
Posts: 70239
Joined: November 15th, 2001, 1:29 pm

RIP Margaret Thatcher

April 9th, 2013, 8:36 am

QuoteOriginally posted by: CuchulainnQuote On the 2-D Principles/Pragmatism chart she was in a better place than any PM since. She was a supporter of the Khmer Rouge.from what I can see on wiki, in 1978-9 there was a war between the cambodian communists and the vietnamese communists, which culminated in the vietnamese communists installing a new communist government in cambodia.>> Despite its deposal, the Khmer Rouge retained its UN seat, which was occupied by Thiounn Prasith, an old compatriot of Pol Pot and Ieng Sary from their student days in Paris, >> and one of the 21 attendees at the 1960 KPRP Second Congress. >> The seat was retained under the name "Democratic Kampuchea" until 1982, and then "Coalition Government of Democratic Kampuchea" (see below) until 1993. >> Western governments repeatedly backed the Khmer Rouge in the U.N. and voted in favour of retaining Cambodia's seat in the organization. >> Margaret Thatcher stated that "So, you'll find that the more reasonable ones of the Khmer Rouge will have to play some part in the future government, but only a minority part. >> I share your utter horror that these terrible things went on in Kampuchea."
 
User avatar
exneratunrisk
Posts: 3559
Joined: April 20th, 2004, 12:25 pm

RIP Margaret Thatcher

April 9th, 2013, 9:49 am

QuoteOriginally posted by: Paul@cuch Maybe with hindsight it didn't go wrong! On the 2-D Principles/Pragmatism chart she was in a better place than any PM since. @rmax i don't think she was mad. A journalist friend of mine interviewed Gordon Brown when he was PM. He couldn't run the story in the end because Brown was clearly certifiably insane. It's all relative!@exner You have to see how frightening the opposition was at the time. Michael Foot and Neil Kinnock. I think they saw the UK as a New Albania!PWhen I was about 15 Bruno Kreisky became chancellor - it was the "era" of Willy Brandt, Bruno Kreisky, Olof Palme and others with quite creative ideas on new forms of work and distribution; motivation factors not just hygiene factors ... even the "Eurocommunists" - E Berlinguer, S Carillo searched for new ways .. from the UK labour party I just remember Arthur Scargill and the miners strike ... (against Th), a tragedy.However, next generations of social democrats "here" stopped thinking and excavated the rules and programs of the 19th century - what I call, the socialism that preaches the-dignity-of-slave-labor ...But, IMO, only a modern leftist party could make the turn around, because too much goes wrong with the right
 
User avatar
daveangel
Posts: 17031
Joined: October 20th, 2003, 4:05 pm

RIP Margaret Thatcher

April 9th, 2013, 10:43 am

Maggie's 19 BadAss moments read these and weep Ed Milliband.
Last edited by daveangel on April 8th, 2013, 10:00 pm, edited 1 time in total.
knowledge comes, wisdom lingers
 
User avatar
Cuchulainn
Posts: 59986
Joined: July 16th, 2004, 7:38 am
Location: Amsterdam
Contact:

RIP Margaret Thatcher

April 9th, 2013, 11:04 am

20. Maggie meets Dr. Ian Paisley in the European Parliament Was that an argument? Ian is amazing.
Last edited by Cuchulainn on April 8th, 2013, 10:00 pm, edited 1 time in total.
 
User avatar
Paul
Posts: 9477
Joined: July 20th, 2001, 3:28 pm

RIP Margaret Thatcher

April 9th, 2013, 12:10 pm

Baroness Thatcher's death may have divided the UK, but, on the bright side, when Blair dies we will be united again!P
 
User avatar
rmax
Posts: 6080
Joined: December 8th, 2005, 9:31 am

RIP Margaret Thatcher

April 9th, 2013, 12:59 pm

QuoteOriginally posted by: PaulBaroness Thatcher's death may have divided the UK, but, on the bright side, when Blair dies we will be united again!PBlair took Thatcherism and dressed it up in left wing clothes.
 
User avatar
Cuchulainn
Posts: 59986
Joined: July 16th, 2004, 7:38 am
Location: Amsterdam
Contact:

RIP Margaret Thatcher

April 9th, 2013, 1:10 pm

QuoteOriginally posted by: rmaxQuoteOriginally posted by: PaulBaroness Thatcher's death may have divided the UK, but, on the bright side, when Blair dies we will be united again!PBlair took Thatcherism and dressed it up in left wing clothes.Legacy: New Labour??
ABOUT WILMOTT

PW by JB

Wilmott.com has been "Serving the Quantitative Finance Community" since 2001. Continued...


Twitter LinkedIn Instagram

JOBS BOARD

JOBS BOARD

Looking for a quant job, risk, algo trading,...? Browse jobs here...


GZIP: On