...I think they've [Labour Party] made the biggest financial mess that any government's ever made in this country for a very long time, and Socialist governments traditionally do make a financial mess. They always run out of other people's money. It's quite a characteristic of them. They then start to nationalise everything, and people just do not like more and more nationalisation, and they're now trying to control everything by other means. They're progressively reducing the choice available to ordinary people....Read it at Margaret Thatcher Foundatio
Margaret Thatcher — TV Interview for Thames TV This Week
1976 Feb 5
Turns out that Thatcherism was based on her misunderstanding of modern money that led her to mistake the currency issuer for just another currency user that needs revenue to fund expenses or service borrowing costs.
BTW, this the source of the gone-viral quote attributed to Mrs. Thatcher, "The problem with socialism is that eventually you run out of other people's money".