stephen gottis ph.d from cambridge, and as an oxford graduate i won't hold that against stephen. i would like to welcome stephen to the stage. [applause] >> thank you for the introduction. you said therefore is a hard act to follow but you're also a hard act to follow. margaret thatcher was the biggest influence in my life. i lived in britain in 1981-1989, and again from 92-93. she had been prime minister two years when arrived in august of 81. she was leader of the conservative party since 1975. and a as was shown in the video, now described, the 1970s were dreadful in britain. the country was close to bankruptcy. bureaucrats in the international monetary fund essentially ran the country. the entire decade was plagued with what are now called the british disease, the three decades of socialism, they control the means of production, economic policy was guided by the theories of john maynard keynes that you could spend, tax, and run deficits and debt and would be no effect to the economy. but reality set in by the late 70s. the early '80s. a confidential british cabinet doctrine w