Thatcherism a ruinous economic & social failure

Mitchell Anderson compares and contrasts the economic and social development of Norway and the UK, two countries which benefitted from North Sea oil wealth windfalls from the 1970's onwards:
    'Thirty-five years after she swept to power as British prime minister, it is ironic that socialist Norway now has $830 billion in the bank and enjoys fully funded social programs that most of us can only dream of. Meanwhile the U.K. is enduring another round of wrenching austerity and owes over £1.3 trillion - about US$2.2 trillion. That massive debt grows by about $3.8 billion each week, while every seven days Norway adds another billion dollars to their bank account'
http://thetyee.ca/Opinion/2014/03/10/Thatcherism-Verdict/