The David Frum Show When Conservatism Meant Freedom
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Oct 15, 2025 In this engaging discussion, Lord Charles Moore, an esteemed British journalist and authorized biographer of Margaret Thatcher, reveals the formidable legacy of Thatcher's leadership. He reflects on her rise as Britain's first female prime minister and her partnership with Reagan that shaped modern conservatism. The conversation dives into her economic reforms, the push for privatization, and her unique stance on nationalism versus libertarianism. Moore shares vital lessons from Thatcher's disciplined approach, highlighting her lasting influence on today’s political landscape.
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Waiting Months For A Phone Under Nationalization
- Charles Moore recounts waiting months for a landline under British nationalized telecoms in 1979.
- His editor jumped bureaucratic queues by calling the chairman so Moore could get a phone quickly.
Lifting Exchange Controls Unlocked Financial Reform
- Thatcher lifted exchange controls to free capital flows and trigger financial reforms like London's Big Bang.
- Removing currency and market barriers enabled London to become a modern global financial center.
Economic Liberty Anchored To National Institutions
- Thatcherism's core was promoting economic liberty while accepting nationhood and law-based institutions.
- Her reforms reduced strikes and transformed industrial relations toward greater productivity.
