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Have Conservatives Abandoned Thatcherism

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To What Extent has the Conservative Party Abandoned Thatcherism?

Throughout Margaret Thatchers time as Prime Minister (1979-1990), a very aggressive way of governing the country. This style of leadership and the policies associated with it are known as Thatcherism. The main aim of Thatcherism was to create a 'small government' that is one in which the tole of the state is significantly reduced in matters such as public services and the economy, Thatcher desired a free market and a privatised economy. Thatcher was also a firm believer in independence and individualism, this lead to a desire for self-reliant people who provide for their family and are responsible for their own well being. Since this time Conservatism has changed, especially since the appointment of David Cameron MP as their leader and eventually Prime minister. The party has moved away from right wing and is instead now more centred on more liberal policies, This is down to the desire of Cameron for moderation. In this constantly changing society this modernisation is essential for any party that wishes to stay in power. Many policies remain intact from the Thatcher years such as the economy, but many have also changed like foreign policy and socially.

Thatcherism demanded a market that was a a free and flexible as possible, a deregulated economy. In 1979 Thatcher shifted the country towards a speculative market economy rather than a manufacturing based economy. An economy in which utilities and industries should not be funded by government or financially assisted. In the thatcher years many sectors of the economy were privatised such as energy suppliers, telecommunications and transport services. This would lead to an increase in the efficiency of the economy due to a massive rise in competitiveness which has stemmed from everyone starting from a level playing field. Cameron's Conservative party are much the same in sharing these ideals, strong believers in the 'free market' they want to play as little part in the economy as possible.

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