Thatcherism is being presented on the basis of a half-truth that is all lie: that the structural adjustment that every Western economy required could take only one path and “there is no alternative”. Only the closed circle of centre-Right debate in the Anglosphere, combined with the nostalgic attachment of what remains of the Left to the class politics of the 70s, prevents the case from being argued: Thatcherism was a second-rate, shoddy job of post-war economic transformation, the easiest possible version of it.
But around and round it goes on TV, the montages of bankers with big phones, and girls in eyeliner drinking champagne to the Pet Shop Boys. The imagery reinforces the idea that history could not have been otherwise. Yet every time one steps off the train in Amsterdam, Frankfurt, Stockholm one sees how it could have been — low poverty, social cohesion, without any loss of energy or dynamism. It is not the past that Thatcher should be compared to, but its parallel present.