forty nine million pounds profit so the water industry was privatized in the late eighties by margaret thatcher how did she do it well just like she privatized british telecom and these others she gave the people shares so all the water companies were immediately floated now only three of those companies are still listed all the rest were bought out by private equity in the case of thames water so by mcquarrie there are guys who own a lot of the toll booths by the way the private roads inside america this is basically sowing the cash and buying the mill text me that. the prices are going higher the generation after the factor generation of course is going to be paying through the teeth and their standard of living is now less than it was the first time in a hundred years here in britain current generation standard of living is dropping underneath the previous generation so continuing on this theme of margaret thatcher where she started with this privatization of various things and the big bang the deregulation this is another thing why we are row row row your boat not so gently up the stream becaus

forty nine million pounds profit so the water industry was privatized in the late eighties by margaret thatcher howdid she do it well just like she privatized british telecom and these others she gave the people shares so all the water companies were immediately floated now only three of those companies are still listed all the rest were bought out by private equity in the case of thames water so by mcquarrie their strategy and guys who own a lot of the toll booths by the way the private roads inside america this is basically sowing the cash and buying the mill technique that should it.

how important was class to margaret thatcher? >> guest: it was very important because she came from the outside so she had to overcome the double barrier of being from the wrong class in the wrong sex as far as establishment went but it would be a mistake to think that she was hostile to traditional social order in britain. she was a huge believer in opportunity but she wasn't a believer in imposing equality and she had a sense of british history which meant she quite respected very much respected the monarchy the constitutional order and even the aristocracy. what you often find with her in class is that she likes a lot of these sort of distinguished old peers and whatnot. so long as she is not being patch and i send the thing she would always note about a person who was above her older than her or more powerful than her is, is he patronizing me or not? she didn't like prime minister milan because because she felt patch and eyes by him but she did like the more aristocratic prime minister because he treated her like a gentleman.

currently it what wasn't written overnight and the genesis of the book how it came about and when. >> margaret thatcher was to do something about her papers the prime minister takes when they leave office and she is refused her honor a degree so she decides to give them to cambridge and when she did that she was also advised that was the way people put it to her. why did you pick someone to get on with and let them get going and give them the access and the chance to look at the papers and she very kindly chose me. this was back in 1997. and obviously it is an intimidating prospect and a very fascinating opportunity. i will be working with them ever since the great dark of research took place in 2004, but the key point is it is the complete access which hasn't happened to anybody else and so she turned the key and a lot for me. >> although it is authorized coming you call this a statute throughout the book. >> until she became mrs. thatcher. >> she was authorized and somebody that didn't like to talk about personal matters. she didn't want to dwell on her inner life and she is also somebody that is ver

two big countries and it is relevant today because margaret thatcher's view of capitalism has a very contemporary bearing i feel on the debate about howx the relationship between the financial system and the economy that it exists to support and this is at the center of "masters of nothing: human nature, big finance, and the fight for the soul of capitalism" and the book we're launching this week. throughout her life lady thatcher passionately believed that capitalism was not only the most effective form of economic organization that had ever been invented but also the most moral and today the first of those points is almost undisputed and we should all be grateful to the market liberals of west and of east who in freeing the peoples of the former communist bloc through fought and beat, so liberated billions in china and india and indonesia and beyond from grinding poverty and proved once and for all that free markets are the greatest source of prosperity known to man. the free market is a moral force for good is less well understood. this moral authority hinges on two crucial factor is, first that free markets are fair because reward

management of the 1970's the examples that margaret thatcher held for the way people behave and the moral implications of that behavior should be at the very heart of how we think about capitalism. she supported small business the challenger the entrepreneur not the corporate giants or the public for the private sector. on middle ising, pay packets and we on the political right that everyone can benefit from what the market can generate. i am not one of those conservatives that can look at the mistakes that the private sector has no case to be observed at the fact is before the crash a lot of people especially in the finance industry make money for their clients but the moral underpinnings of the free market of personal responsibility that reciprocity with that behavior and we argue in this book "masters of nothing" that happened because the markets were not true the free. there is a story in the book about a minnesota assistant who was investigating america west back in 2003. he ordered them to hand over data in one day 10 boxes of files arrived and he pulled one out to random and found the borrower was listed as the antiques dealer and he went to the

the examples are in the june and margaret thatcher helped the only way that the way people behave of the world occasions that behavior should be at the very heart of how we think about capitalism. she supported small business, the challenger, the entrepreneur coming out the corporate giant distorting the market whether the public with private dirt but we must do the same. for too long before the crisis, for instance, metal and can pay packets here at home have stagnated and beyond the political rate is having show that we have the juice to ensure everyone can benefit from the prosperity the market could generate. so i'm not one of those conservatives who looks at the mistakes by government who concludes the air has no case to answer. the fact is before the crash a lot of people, especially the finance industry could not be making money for their clients are from them and the moral underpinnings of personal responsibility and something for something of reciprocity were badly undermined by this behavior. we are giving, "masters of nothing: human nature, big finance, and the fight for the soul of capitalism" commented that have been because the markets a

the book explains how the end of the 20th century, two forces, religion and markets, sprung onto the world stage. china's reforms, margaret thatcher'smeini's revolution, they all began in 1979 and have been shaping international life ever since. carl tells the story of that pivotal year and its consequences with intelligence, grace, and lusidty. now for the last look. this has become the face of the modern protester. we saw it on the streets of turkey this week. worn on masks by airline workers but by many others, too. and in thailand this week, too, covering the faces of anti-government protesters. they were used by the anti-austerity protesters in greece, by the occupy movement, by the protesters in tahrir square, by the mysterious hackers known as anonymous. >> greetings citizens of the world. >> and the visage is apparently so frightening that this week, the saudi interior minister is said to have banned the masks all together in his country, following in the footsteps of his neighbors in bahrain and the uae. what do you think? the likeness is that of guy faulks, an explosives experts in new england who was part of the plot to b

the book explains how at the end of the 20th century two coiled forces, religion and markets, sprung on to the world stage. china's reforms, margaret thatcher'sn 1979 and have been shaping international life ever since. karl tells the story of that pivotal year and its koconsequee with intelligence and grace. now for the last look. this has been become the face of the modern protester. we saw it on the streets of turkey this week and airline woerks and many others, too. and in thailand this week, too, covering the faces of anti-government protesters. they were used by the anti-austerity protesters in greece, by the occupy movement, by the protesters in take and hackers. and this week the saudi interior minister is said to have banned the masks all together. what do you think? the likeness is that of an explosives expert in the early 1600s in england who was part of a plot to blow up the state opening of the british parliame parliament. he is still burned in he have fanlg gi every year. a film was released in 2005 by cnn corporate cousin warner brothers. i bet he could never have imagine that had 400 years later he would have so many double ga

you'll always have the margaret thatcher's and michele bachmann's who's politics are not particularly western centom. but women are more likely to ask questions like howparents to both work and take care of the children. something that's ironic about the fox news men, really conservatives in general. they often espouse things like traditional family values and women staying at home with their children as essential to our social fabric but at the same time they fight tooth and nail against any policy that would allow women, especially poor women, to do just that. these are the same people that say parents on welfare, including single mothers of young children, must work. definitely not stay at home with their children. eric erickson is certainly not about to call for government subsidized government child care or offering parental sick leave. so let's talk about women in power and what it means for women and really for families as a whole. back with me, carmen wong ulrich, josh barrow holding it down for the guys at the table. joy reed and rushma, who is the founder of girls who code and a candidate for new york city public advocate. so rushma, i wante