“When you take into public ownership a profitable industry, the profits soon disappear. The goose that laid the golden eggs goes broody. State geese are not great layers.”

— Margaret Thatcher

Speech to Finchley Conservatives (31 January 1976) http://www.margaretthatcher.org/document/102947
Leader of the Opposition
Context: The Socialists tell us that there are massive profits in a particular industry and they should not go to the shareholders—but that the public should reap the benefits. Benefits? What benefits? When you take into public ownership a profitable industry, the profits soon disappear. The goose that laid the golden eggs goes broody. State geese are not great layers. The steel industry was nationalised some years ago in the public interest—yet the only interest now left to the public is in witnessing the depressing spectacle of their money going down the drain at a rate of a million pounds a day.

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Margaret Thatcher 348

British stateswoman and politician 1925–2013

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