Labour's own drift to the left and the extremism of the trade unions had disillusioned and fractured its traditional support. The SDP and the Liberals failed to grasp the significance of what was happening. They projected their appeal to the middle-class Left, especially those who worked in the public sector, probably, I suspect, because Roy Jenkins and Shirley Williams instinctively sought out their own kind and allowed that instinct to overcome their judgement. In fact, the more numerous and dissatisfied Labour supporters were in the rising working and lower-middle class – the same group that in America Ronald Reagan was winning over and who were known as 'Reagan Democrats'. They were benefiting from the opportunities we had made available, especially the sale of council houses; more important, they shared our values, including a strong belief in family life and an intense patriotism. We now had an opportunity to bring them into the Conservative fold.
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "Labour's own drift to the left and the extremism of the trade unions had disillusioned and fractured its traditional support. The SDP and the Liberals failed to grasp the significance of what was happening. They projected their appeal to the middle-class Left, especially those who worked in the public sector, probably, I suspect, because Roy Jenkins and Shirley Williams instinctively sought out their own kind and allowed that instinct to overcome their judgement. In fact, the more numerous and dissatisfied Labour supporters were in the rising working and lower-middle class – the same group that in America Ronald Reagan was winning over and who were known as 'Reagan Democrats'. They were benefiting from the opportunities we had made available, especially the sale of council houses; more important, they shared our values, including a strong belief in family life and an intense patriotism. We now had an opportunity to bring them into the Conservative fold." in the context of "p. 298" to mean that wisdom is timeless.
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About Margaret Thatcher