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Altogether, through our programme, we demonstrated that we could rebuild an enterprise society and we showed that privatisation worked. It was better for the consumer, better for the taxpayer, and better for the health of an industrial and commercial country. Many others followed our example.
Indeed as the Economist put it:
Nationalisation, once all the rage, is out; privatisation is in. And the followers of the new fashion are of the left, the right and all hues in between.
Baroness Margaret Thatcher, LG, OM, PC, FRS was Prime Minister of the United Kingdom from 1979 to 1990. This article is an excerpt from Reason Foundation's Annual Privatization Report 2006, available online at www.reason.org/apr2006.