It's thirty years since Maggie Thatcher first came to power in the UK and in a future history the chapter about her era may well be subtitled (1979 - 2008). Whatever the main title (I'd go for Thatcherism And The Age Of Waste), its theme will be an ironic one - that her policies ultimately hastened the death, or at least the containment, of the very free markets she revered. Free market capitalism is emphatically not the greatest system that we can devise for running the world. It distributes goods and services, true, but what a failure it's been in terms of maintaining social cohesion, and even economic stability. What a rejection of human expertise it now seems, after a century of progress in the understanding of how to (and how not to) manage a balance of growth, relative economic stability and social justice. (Remember the "social market"?) What an abdication of planetary responsibility it turns out to have been. And in its old age, what a festival of consumer overspend, fantasy and political corruption.
The party's over. Soon Thatcher's admirers won't have a leg to stand on, and the dear leader will be gone. Not the end of history, then.
