>>21
You argue that they were bad policies but the financial crisis occurred because of a large shift between people pursing wealth to people being given wealth they did not earn and could not afford (that's the housing crisis). They were "shown to be disastrous" because wealth was destroyed and no side won anything except those who bet on the failure happening.
Furthermore, removing the government from the market in the United States would have done much to avert the housing crisis which led to the financial crisis. It was the government, at the behest of misguided unions and community organizations, who passed laws removing restrictions and insisting that mortgage companies offer people who could barely afford meager housing expensive housing. Default. Default. Default. Under other conditions, selling real estate mortgages would have been a legitimate business venture that would not have damaged anything.
I realize that I have been saying this but my argument has been the perspective of an American looking at America. My argument however is not the substance but the ideas: giving people substantial wealth or privileges they did not earn and perhaps can not afford is dangerous. Thatcher monetarism does not do this as far as I am aware nor did it truly contribute to the financial crisis.