Margaret Thatcher once said that “if government owns, then nobody owns. If nobody owns then nobody cares”.
With this rationale, one can easily understand why this woman championed the privatisation of so many services in the UK during her time as Prime Minister.
From banking to health services, nothing remained a sacred cow.
Her dictum was that open market guaranteed a higher level of efficiency in the provision of goods and services and therefore there should be less space for government and more space for the private sector in the economy.