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Thatcherism sought to minimise the importance of welfare for the middle classes and reinvigorate Victorian bourgeois virtues. Thatcherism was family centred, unlike the extreme individualism of most neoliberal models. It had its roots in historical experiences such as Methodism and the fear of the too-powerful state that had troubled Hayek.
Reagan gives a televised address from the Oval Office, outlining his plan for tax reductions in July 1981.. Reaganomics (/ r eɪ ɡ ə ˈ n ɒ m ɪ k s / ⓘ; a portmanteau of Reagan and economics attributed to Paul Harvey), [1] or Reaganism, were the neoliberal [2] [3] [4] economic policies promoted by U.S. President Ronald Reagan during the 1980s.
The thesis of post-war consensus was most fully developed by Paul Addison. [5] The basic argument is that in the 1930s Liberal intellectuals led by John Maynard Keynes and William Beveridge developed a series of plans that became especially attractive as the wartime government promised a much better post-war Britain and saw the need to engage every sector of society.
Ronald Reagan's economic policies, dubbed "Reaganomics" by opponents, included large tax cuts and were characterized as trickle-down economics.In this picture, he is outlining his plan for the Economic Recovery Tax Act of 1981 from the Oval Office in a televised address, July 1981.
The Reagan Administration had some of the highest illegal union firings in recorded history. In 1981, to protect domestic auto sales the Reagan administration signed an agreement with Japan that it would not import more than 1.67 million cars into the United States, which would be one in four cars sold in America.
The term is also used as shorthand by Ye. V. Ananyeva (On Modern Ways of Reformism, or On Reformism as Modern Way, Polis Journal), according to whom Blatcherism is currently "personified by T. Blair", has "substituted for the previous postwar political consensus" and is "consensual" with "neoconservatism as embodied in Thatcherism" in the ...
The reforms were also aimed, Thatcher claimed, at democratising the unions and returning power to the members. The most significant measures were to make secondary industrial action illegal, to force union leadership to first win a ballot of the union membership before calling a strike, and to abolish the closed shop. Further laws banned ...
Then, on 1 November 1990, came the first of a series of events which would spell the end of Margaret Thatcher's years in power. Geoffrey Howe, the Deputy Prime Minister, long resentful of being ousted as Foreign Secretary, resigned from the cabinet over its European policy.