I was at Uni from 1976 - 1979 studying Politics and Economics.
The UK was an utter mess.
In my view the Conservatives had three strands, Industry, the City and ‘the County’
The County is a bit hard to pin down, so I’ll leave it to other UK Dopers to attempt to describe it.
The City is finance. Probably influenced by her husband, she had this strange idea that wealth was created by shuffling bits of paper.
In my view she totally shafted Industry (manufacturing) and created a climate where people were proud of closing plants - while before then they were ashamed.
We had massive unemployment which did eventually choke off wage inflation and did break the power of the Trades Unions, although it is likely that technology would have done that anyway.
Interestingly she took on the legal profession, who had a nice little monopoly.
The Falklands was probably an Intelligence screw up, while I would have willingly handed the islands over to Argentina if they had asked politely, not to have reacted to armed aggression would have made the UK look pretty feeble. Personally I reckon the USA was watching with interest to see whether the senile old lion still had any teeth.
Pinochet provided quite a lot of quiet assistance, it is difficult to pin down how much, but it is easy to see that we owed him a debt regardless of what he and his supporters had got up to.
The Poll Tax was a major mistake, and it is one that is being repeated right now. Thatch correctly realized that local Councils were (and still are) virtually unanswerable to their electorate, and thought that making the bulk of the electorate bear the burden of local taxation would make the electorate force the Councils to toe the line.
Of course this was and still is, misguided, the vast majority of Council revenue comes from central government, and their knee jerk reaction is to increase local taxes and blame it on central government.
While I disliked many of Thatch’s policies, I do not like to think about what would have happened to the UK if she had not been elected. She could have done a lot better, but the alternative was not pleasant.