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  • In the spring of 1979, in the wake of Britain's "Winter of

  • Discontent," Margaret Thatcher's Conservative Party won a landslide

  • victory. The Iron Lady took the helm of a fading Britain,

  • the sick man of Europe as it had come to be known, but she refused to accept that

  • decay was inevitable and that the job of the British government was to manage

  • decline.

  • Britain, should believed, could do better.

  • THATCHER: "Some socialists seem to be

  • believe people should be numbers in a state computer.

  • We believe they should be individuals.

  • We're all unequal.

  • No one, thank heavens, is quite like anyone else, however much the socialists

  • may pretend otherwise.

  • And we believe that everyone has the right to be unequal.

  • But to us

  • every human being

  • is equally important."

  • NARRATOR: And while she had no shortage of critics,

  • SILLARS: "The Prime Minister is aware that I detest every single one of her domestic

  • policies, and I have never hidden

  • that fact."

  • THATCHER: "I think the Honorable Gentleman knows

  • that I have the same contempt for his socialist policies of that the the people

  • of east Europe, who have experienced them, have for theirs."

  • NARRATOR: She was secure in her faith that her conservative vision was right.

  • THATCHER: "One of the great

  • debates of our time

  • is about how much of your money should be spent by the state,

  • and how much you should keep to spend on your family.

  • If the state wishes to spend more,

  • it can do so only by borrowing your

  • savings, or by taxing you more.

  • And it's no good thinking someone else will pay.

  • That someone else is you."

  • NARRATOR: She knew what Ronald Reagan knew.

  • That free markets and a free people are the best defense against tyranny

  • and that peace comes through strength,

  • not accommodation.

  • THATCHER: "Mr. Speaker,

  • wars are not

  • caused by the

  • build-up of weapons.

  • They are caused when an aggressor

  • believes he can achieve his

  • objectives at an acceptable price."

  • NARRATOR: America now stands at a crossroads

  • One path leads to deficits, decreasing influence and decline.

  • The other

  • a renewed American dream

  • we all want.

  • THATCHER: "Mr. Chairman,

  • people want to live in peace,

  • real lasting peace.

  • The peace that comes

  • from independence of the state

  • and being able to run your own life,

  • spend your own money,

  • and make your own choices.

  • And, above all,

  • the peace of a country

  • which is properly defended

  • against any potential adversary."

  • NARRATOR: As we take stock of our choices, the legacy of Britain's Iron Lady

  • remains a steadfast guide.

In the spring of 1979, in the wake of Britain's "Winter of

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