Day: October 27, 2017

Why Thatcher is wrong to argue that “the problem with socialism is that eventually you run out of other people’s money”.

Margaret Thatcher famously argued that the “the problem with socialism is that eventually you run out of other people’s money”. The quote is paraphrased from a 1976 interview on Thames Television’s This Week, where Mrs Thatcher was responding to a question about her desire to bring down Harold Wilson’s Labour Government. Since then, the quote …