She seems to me to have been gripped since before she won the leadership of the Tory party by a clear understanding, a passionately clear understanding, of the interacting causes of our relative economic decline. She saw it, as it seems to me, partly stemming from successive governments which by increasing the money supply kept on rescuing managements and labour from having to become more competitive. She saw it therefore as primarily a failure of government in creating the climate which enabled inefficiencies to continue to the point where all our neighbours soared past us in competitiveness, in prosperity, in social services, in standard of living and in purchasing power for all their people. She saw it infecting management which was allowed to be flabby. And she saw it as intensified or made worse and more difficult by the uncomprehending approach of trade unions who don't seem to realise where their members' interests lie.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "She seems to me to have been gripped since before she won the leadership of the Tory party by a clear understanding, a passionately clear understanding, of the interacting causes of our relative economic decline. She saw it, as it seems to me, partly stemming from successive governments which by increasing the money supply kept on rescuing managements and labour from having to become more competitive. She saw it therefore as primarily a failure of government in creating the climate which enabled inefficiencies to continue to the point where all our neighbours soared past us in competitiveness, in prosperity, in social services, in standard of living and in purchasing power for all their people. She saw it infecting management which was allowed to be flabby. And she saw it as intensified or made worse and more difficult by the uncomprehending approach of trade unions who don't seem to realise where their members' interests lie." in the context of "Keith Joseph, quoted in Hugo Young and Anne Sloman, The Thatcher Phenomenon (1986), p. 61" to mean that wisdom is timeless.