The daily Nebraskan. ([Lincoln, Neb.) 1901-current, April 08, 1987, Page Page 3, Image 3
Wednesday, April 8, 1987 Daily Nebraskan EcoindDiriniist ramises Tlnatelker By James Rogers Staff Reporter British Prime Minister Margaret That cher should be "returned to power so that recovery is continued" in England, Oxford University economist Sir Martin Holmes said. Speaking at aTuesday-moming break fast sponsored by the UNL College of Business Administration, Holmes said that before Thatcher took office, Brit ish government "regarded private bus iness as a source of plunder." But with Thatcher's election in 1979, the "tran sition in the business climate . . . (has been) nothing short of revolutionary," he said. Thatcher is a "remarkable and for midable lady" who has mastered eco nomics and covets the Soviet-instigated nickname, "Iron lady of the Western world," Holmes said. Until Thatcher, Holmes said, British conservatives were "timid" and happy to "hold the line" between socialist administrations. But the significant number of industry nationalizations Career Corner Off-campus interviews Saturday Keppel Union School Dis trict; Littlerock, Calif., elementary teachers. Call (805) 944-2155 to arrange for an interview. Interviews will be at the Omaha Marriott Hotel, 10220 Regen cy Circle in Omaha. UNL Teachers College Interview Fair April 21 from 1 to 9 p.m. and April 22 from 8 a.m. to 3:30 p.m. in the Nebraska Union Centennial Room. A list of schools registered for the fair will be available at the counter in Nebraska Union 230 and published in the Education Vacancy Bulletin Friday and April 17. Individuals must sign up for inter views between 8 a.m. and 5 p.m. under Conservative Prime Minister Ed ward Heath convinced her that a change was needed, Holmes said. During the 1970s, "Mrs. Thatcher's revulsion at how her own party was embracing socialism" brought about her success ful campaign to replace Heath, he said. Holmes outlined four of Thatcher's policies that he said are responsible for Britain's economic recovery: O Sound currency and low budget deficits. Unlike President Ronald Rea gan, Holmes said, Thatcher is "pre pared to forego the electoral advantage of allowing the deficit to rise." This key to her economic record provides Bri tain with the highest rate of economic growth since the Victorian era, he said. O By increasingly "privatizing" nationalized industries, Thatcher has "broken the stranglehold of socialist ideology" in Britain, said Holmes. Bri tain's recent sales of government-run industries can be "rightly described as a people's capitalism," he said. O Thatcher refused to treat unions as if they could veto government policy. Before Thatcher took office, Holmes said, socialist governments would con- t i. i 3 ( .; . ..... t. j X I spire with unions, while conservatives would surrender. Thatcher's refusal to give in during the 359-day miners' strike was a greater victory than the 102 victory in the Falkland Islands, Homes said, and had the effect of "tam ing British trade unions." O Thatcher has "swept away" 'con trols hindering efficiency in the private sector, with business starts increasing as a result, Holmes said. Holmes blamed the persistenly high unemployment in Britain on obsolete industries and a generous welfare sys tem that pay people not to work while "high levels of personal taxation" make low-paying jobs less profitable. After Holmes' speech, Prof. Roger Riefler, chairman of UNL's economics department, said Holmes "attributes too much significance to government." Riefler said that Holmes "makes it sound like government is the tail wag ging the dog." In addition, Holmes' analysis of Britains unemployment prob lem was misleading, he said. The jobs being created low-paying service jobs or high-paying manufactur ing jobs are important to Holmes' argument, yet he ignored it, Riefler said. After the speech, one audience mem ber, who did not wish to be identified, said that Holmes' speech proved that "conservative economists have no heart." 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Buy One Get One Free Banana Splits r n.j- J O UNL Dairy Store M 1 ,- '71 b 'A o. 7 V Open: 11 AM Mon.-Fri. 2 PM Sat.-Sun. "Happy Hour" 2:30-3:30 City Union East Campus coupon expires 4-12-87 If you're tired of selling door-to-door, (j I I lAnMl -l ; V""'' ;'J""Ty knock on ours. The Daily Nebraskan Advertising Department is currently hiring summer and fall sales staff. Applications accepted through Friday, April 10. r rll Daily ROOM 34 NEBRASKA UNION UNL doos not discriminate in its acadsmic admissions or employment programs and abides by all federal regulations p ruining to sama. f.mkms WO y u U Mm. presents A world of N violence, C" RL-DRIWR betrayal and S perversion... I. V?v . ! Special Order Only -lU )irlr KlJ s XdJL) WW REG. PH1GE s795 For all ycur videos, no ens unsrcslls Applause! l7o 'ivlll mcst cr fcsat cnycno'o cdvsrtiscd p'riso. 0O2 -TM Tbts'd (ut Iff kuiz We Accept: Page 3