Thatcherism

Thatcherism
   Thatcherism is the collective term for the political policies of Margaret Thatcher, Prime Minister from 1979–90. Although Thatcher’s policies were not homogeneous, they were consistent with a general policy line. Thatcher sought to liberalize the economy, stressing the importance of the market, deregulation and privatization. She sought to minimize state intervention, and to create an enterprise culture in which private industry led the economy. Selfhelp, the individual accumulation of wealth and independence were all strong themes. Coalescing with these neo-liberal beliefs was an authoritarian social policy, with an emphasis upon increased police power and harsher penalties for offenders. Thatcher was ousted in 1990, largely due to her narrow views on Europe and the unpopularity of the poll tax.
   ALASTAIR LINDSLEY

Encyclopedia of contemporary British culture . . 2014.

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