Thatcherism Revisited

Bachelor Thesis from the year 2011 in the subject Politics - International Politics - Region: Western Europe, University of Exeter (College of Social Sciences and International Studies), course: BA (Hons) Economics & Politics, language: English, abstract: Thatcherism continues to be one of the most contentious approaches in British politics today, just as its figurehead continues to be one of the most divisive figures in British political history. Despite its regard with both shame and pride within the Conservative party, it remains an influential approach to polity today, affecting every government that has followed Mrs Thatcher's. The philosophy that Thatcher and her closest allies embodied and brought to life between 1979 and 1990 is being exhumed for its values of a smaller state and a stronger, more independent economy following a ruinous financial crisis and critical public examination of national finances. The Keynesian renaissance that took hold at the height of the financial crisis has lost grip and ground to a resurgence in what is essentially a Thatcherite consensus. This dissertation will first explore the key philosophical points of Thatcherism, exemplified during her time in office as Prime Minister. Secondly, it will examine the legacy of Thatcher and how Thatcherism has been an undeniable influence on politics since 1990. Finally, it will examine whether a return to stronger Thatcherite influences on public policy are desirable in light of an on-going economic crisis of British public finances. Britain's national debt is now over £4 trillion - a staggering amount - with budget deficits of up to £150 billion each year adding to this crippling economic burden. As the economic affairs of Britain and the dire state of public finances are enduring topics of debate in both political and economic circles, the Thatcherite ideals of a small but powerful central government, reducing the prevalence of 'welfarism' and increasing the role that the private s

Bachelor Thesis from the year 2011 in the subject Politics - International Politics - Region: Western Europe, University of Exeter (College of Social Sciences and International Studies), course: BA (Hons) Economics & Politics, language: English, abstract: Thatcherism continues to be one of the most contentious approaches in British politics today, just as its figurehead continues to be one of the most divisive figures in British political history. Despite its regard with both shame and pride within the Conservative party, it remains an influential approach to polity today, affecting every government that has followed Mrs Thatcher’s. The philosophy that Thatcher and her closest allies embodied and brought to life between 1979 and 1990 is being exhumed for its values of a smaller state and a stronger, more independent economy following a ruinous financial crisis and critical public examination of national finances. The Keynesian renaissance that took hold at the height of the financial crisis has lost grip and ground to a resurgence in what is essentially a Thatcherite consensus. This dissertation will first explore the key philosophical points of Thatcherism, exemplified during her time in office as Prime Minister. Secondly, it will examine the legacy of Thatcher and how Thatcherism has been an undeniable influence on politics since 1990. Finally, it will examine whether a return to stronger Thatcherite influences on public policy are desirable in light of an on-going economic crisis of British public finances. Britain’s national debt is now over £4 trillion – a staggering amount – with budget deficits of up to £150 billion each year adding to this crippling economic burden. As the economic affairs of Britain and the dire state of public finances are enduring topics of debate in both political and economic circles, the Thatcherite ideals of a small but powerful central government, reducing the prevalence of ‘welfarism’ and increasing the role that the private sector plays in the economy are of great relevance. Ultimately, Thatcher’s legacy is undeniable and has watermarked many areas of public policy in governments that have followed her resignation as Prime Minister in 1990. It is the goal of this dissertation to examine and explore the newfound relevance of Thatcherism as not only a political philosophy, but also as a methodology with which to approach policy making in Britain. Calls for a fundamental rethink in the way that the British economy and the government as a whole is operated are becoming more prominent in many circles and it is likely that looking to the lessons of the past is just as, if not more, prudent than trying to reinvent the wheel of public policy.

Thatcherism produced dramatic changes in most aspects of public life, both in Britain and abroad. This work surveys the origins and impact of Thatcherism as a cultural construct and an economic creed. Centering on the career of Margaret Thatcher, the author argues that Thatcherism was a bold experiment in ideologically driven government which failed to meet its objectives.

Margaret Thatcher is the only 20th-century prime minister to have given her name to a style as well as a doctrine. Although the final balance sheet of the successes and failures of Thatcherism is yet to be tallied, this book places the government of Mrs. Thatcher in the perspective of postwar British politics. Here, Kavanagh describes how a postwar political consensus--covering full employment, welfare, conciliation of the trade unions, a mixed economy with state intervention, and social engineering--was established with the support of dominant groups in the Conservative and Labour parties. He then shows how that settlement broke down in the face of economic problems, changes in policies and personnel in the main parties, and the challenge to the intellectual bases of the consensus mounted by groups on the New Right. The book concludes with an insightful analysis of the government's record, and of prospects for a new consensus. Mrs. Thatcher has cited the breaking of the consensus as one of her primary political objectives, and in this penetrating study she emerges both as the architect of the collapse of consensus and as its product.

Britain's first female prime minister remains a political figure of almost mythical proportions. Margaret Thatcher divided a political nation, became a cultural icon, and was the longest - serving prime minister of the twentieth century. Her period in government coincided with extraordinary changes in British society and in Britain's place in the world. Thatcher's Britain tells the story of Thatcherism for a generation with no personal memories of the 80s, as well as for those who want to revisit the polemics of their youth. It seeks to rescue Thatcher from being seen as John the Baptist for Tony Blair, stresses that Thatcherism was not a timeless phenomenon, but rooted in the 70s and 80s, and focuses our attention away from her legend, to what her government actually did during this tumultuous period in British history.

In this book, Adrian Williamson investigates the processes by which Thatcherism became established in Tory thinking, and questions to what extent the politician herself is responsible for Thatcherism within the Conservative Party.

This book situates the controversial Thatcher era in the political, social, cultural and economic history of modern Britain.

A unique, tender and witty memoir of surviving the tough streets of small town Scotland during the Thatcher years