Margaret Thatcher on the economics and social consequences of income inequality

Here’s a remarkable video of former UK Prime Minister Margaret Thatcher’s last House of Commons speech (recorded 11/22/1990) on the economics and social consequences of income inequality; she also opines presciently about various dysfunctional aspects of the yet-to-be-formed economic and monetary union of various EU member states (i.e., the so-called eurozone; cf. http://en.wikipedia.org/wiki/Eurozone) and the European Central Bank (cf. http://en.wikipedia.org/wiki/European_Central_Bank). Hat tip to Dan Mitchell (cf. http://bit.ly/uukWhc)…

 

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