My impression still is that Mrs Thatcher has failed fully to grasp one of the clearest truths about British politics in the 20th century – the truth that the British people are not that much concerned about capitalism (though they are perfectly happy to accept its advantages); in the abstract, they do not understand or like it. They only become enthusiastic for it when it is presented in a patriotic context. Joe Chamberlain knew this; the last Conservative politician to have known it with perfection is Enoch Powell. After that came Margaret Thatcher. She also knows it. Why they like her is because she "speaks for Britain", not because she is a very good economist (though she is probably as bright as any of that bunch), but because she expresses the sentiments and prejudices of the British people.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "My impression still is that Mrs Thatcher has failed fully to grasp one of the clearest truths about British politics in the 20th century – the truth that the British people are not that much concerned about capitalism (though they are perfectly happy to accept its advantages); in the abstract, they do not understand or like it. They only become enthusiastic for it when it is presented in a patriotic context. Joe Chamberlain knew this; the last Conservative politician to have known it with perfection is Enoch Powell. After that came Margaret Thatcher. She also knows it. Why they like her is because she "speaks for Britain", not because she is a very good economist (though she is probably as bright as any of that bunch), but because she expresses the sentiments and prejudices of the British people." in the context of "T. E. Utley, 'Bewildered but still loyal', The Daily Telegraph (19 October 1981), quoted in Charles Moore and Simon Heffer (eds.), A Tory Seer: The Selected Journalism of T. E. Utley (1989), p. 71" to mean that wisdom is timeless.