Uploaded August 2026 | Updated September 2026, 1 week ago
Britain in the 1980s is often remembered as the dawn of free‑market reform — but was it really?
This video explores how Margaret Thatcher’s era didn’t mark the end of socialism, but its transformation into 𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗶𝘀𝗺 — a system Ludwig von Mises described as “private in name only.”
Through examples like bus deregulation, the nationalised water boards, and the ferry fiasco, we uncover how 𝗼𝘃𝗲𝗿‑𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝘀𝘁𝗮𝘁𝗲 𝗰𝗼𝗻𝘁𝗿𝗼𝗹 persisted beneath the surface of supposed “privatisation.”
The result? A market that looked free but operated under bureaucratic command — the same calculation problem Mises warned about decades earlier.
Join me as we trace Britain’s shift 𝗳𝗿𝗼𝗺 𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹𝗶𝘀𝗮𝘁𝗶𝗼𝗻 𝘁𝗼 𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗶𝘀𝗺, and why the illusion of deregulation still shapes our economy today.
Britain in the 1980s is often remembered as the dawn of free‑market reform — but was it really?
This video explores how Margaret Thatcher’s era didn’t mark the end of socialism, but its transformation into 𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗶𝘀𝗺 — a system Ludwig von Mises described as “private in name only.”
Through examples like bus deregulation, the nationalised water boards, and the ferry fiasco, we uncover how 𝗼𝘃𝗲𝗿‑𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝘀𝘁𝗮𝘁𝗲 𝗰𝗼𝗻𝘁𝗿𝗼𝗹 persisted beneath the surface of supposed “privatisation.”
The result? A market that looked free but operated under bureaucratic command — the same calculation problem Mises warned about decades earlier.
Join me as we trace Britain’s shift 𝗳𝗿𝗼𝗺 𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹𝗶𝘀𝗮𝘁𝗶𝗼𝗻 𝘁𝗼 𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗶𝘀𝗺, and why the illusion of deregulation still shapes our economy today.
