Today is the 40th anniversary of the election of Margaret Thatcher as the first female prime minister of Great Britain—a precursor of the election the following year of Ronald Reagan. Before her arrival many people thought England’s long, slow postwar decline was irreversible.  “Britain is becoming a third world country . . . an offshore industrial slum,” Economist magazine correspondent Robert Moss wrote in 1977. Daniel Yergin and Joseph Stanislaw recall in … Continue reading Maggie, 40 Years On