What did she think about the market and international trade [9:00]
She knew that the international trade brought in tea, coffee, sugar and spices into the shops.
What is the problem of the Conservatives, according to Margaret Thatcher (and her paper)
The conservatives represent the prejudices and selfish interest in the moneyed classes.
What does it mean when she claims that Conservatives found economic liberalism alien and uncongenial?
It means that they did not like economic liberalism, and economic liberalism means that private companies control the free market without any form for intervention from the government.
What is the problem with state industries [16:00]
The problem with state industries was that being monopoly funded form the public purse they didn't have to try private enterprise keeps itself efficient and cost-effective because otherwise people will turn to their competition and they will go broke.
Describe the state of Britain when she took over in 1979
Britain was on their knees, outdated and overmanned the nationalized industries were making huge loses, they did not produce wealth, they were consuming wealth
Why did privatization not only change ownership but attitude [43:00]
Share ownership would be more commen than trade union membership
They had to work hard together to get the bonusses, because the government would no longer bail any company out and therefor, they either had to make a profit or the companies would die
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