Why and How did the UK Privatize State-Owned Industries during the 1980s?

Margaret Thatcher and Ronald Reagan, 1988. Thatcher pushed for the privatization of U.K. state-owned industries in the 1980s. CREDIT: Ronald Reagan Presidential Library

How and why did the UK privatize state-owned enterprises during the 1980s? Brian W. Pomeroy answers this question in the excerpt found on the top right sidebar, originally published by Carnegie Council in 1991.

In the full piece, found here, Pomeroy goes into detail about the UK privatization experience as of 1991. He addresses what the UK intended to derive from its privatization program, if it worked, and the lessons for others who are interested in privatizing their industries.

This activity works well in a comparative government, global, European or world history class.