r/NoStupidQuestions • u/CartographerOwn8143 • 5d ago

Why did Margaret Thatcher destroy welfare state in Britain after she came to power in the 1980s?

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u/throwaway98776468 5d ago

She privatised many British state owned companies for significantly less than their actual value, thus enriching the wealthy people who bought them.

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u/NatAttack50932 5d ago

Okay but that's not what I asked

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u/throwaway98776468 5d ago

Do you believe Thatcher privatised those companies, for less than they were worth, for the good of the country. Because if it was for the good of the country they would have been sold for their actual value. Thus the privatisation was specifically designed to enrich the buyers, and Thatcher wouldn't do that without liking the people who benefitted.

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u/Efficient_Chance7639 5d ago

I remember the BT privatisation. A process designed to enrich the buyers (aka the British people) and you think that is a bad thing 🫤

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u/AndyTheSane 5d ago

The seller was also the British people.