Adebayo, many industries had to go because they were no longer competitive and required massive public subsidies -- shipbuilding, steel, coal-mining, and the British auto industry was tanking.

Thatcher refused to keep financing these unprofitable industries and was correct in eliminating them.

The problem was that Britains, especially in the industrial north, were out of jobs and needed to be adequately compensated. Much the same cursory treatment of people happened in America with its shift to communication and services.

Thatcher and Reagan failed to understand the extent of the problem or even that there was one. The consequences were divided populations, Brexit and Donald Trump.

Many thanks.