Book Review, Business, Politics

Principled Compromise is OK

Margaret Thatcher

Where there is discord, may we bring harmony.

Where there is error, may we bring truth.

Where there is doubt, may we bring faith.

And where there is despair, we may bring hope.

– Margaret Thatcher, upon winning her premiership in 1979

Recently, I finished reading the book The Iron Lady by John Campbell, who skillfully and objectively detailed the political career of Margaret Thatcher, the longest serving prime minister in the history of Great Britain. There is much to be learned from Lady Thatcher in today’s state of politics. Being the first – and still only – woman British prime minister, leading a major western nation during the downfall of soviet communism and against the global advance of socialism, Lady Thatcher was regarded as a “conviction politician” who fought hard for what she believed was best for her country and the free world. During her time, her challenges were unique: stagflation, inefficient bureaucracy, ballooning public spending, the very real threat from Soviet hegemony, the ideological struggle against collectivism, domestic terrorism, defending British sovereignty, and militant unions. Surrounded by Cabinet full of men (there was only one woman she appointed to her Cabinet during her years in office), she resolutely argued – perhaps too doggedly – against collectivist “wet” ideas within her own Government, which in her view were simply wrong. In doing so, she alienated many of her colleagues. At times though, she had to give in to others. However, she tried to be a principled leader. That is the kind of politicians that we direly need in our nation’s Capital today: pragmatic ideologues.

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