Daily Archive for October 5th, 2008

Vision and visionaries to steer us through crisis

By Raffique Shah
October 05, 2008

Wall St.With Ronald Reagan now dead and Margaret Thatcher barely alive, I shall resist the urge to blame this global financial crisis solely on them. In many ways, they cannot be blamed for today’s debacle. Some enterprises Thatcher divested should never have been state-owned: a trucking business (National Freight Corporation), 27 railway hotels, carmakers Jaguar and Rolls-Royce. Why would any government engage in such ventures?
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