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Coursework Q. To what extent did Tchatcherism acvtually exist? "Thatcherism" is the system of political thought attributed to the governments of Margaret Thatcher, British Prime Minister from 1979 to 1990. Thatcher was unusual among late twentieth century British Conservative Prime Ministers in that she was a highly ideological leader - she once slammed a copy of Friedrich Hayek's The Constitution of Liberty down on a table during a Shadow Cabinet meeting, saying, "This is what we believe." "Thatcherism" is characterised by decreased state intervention via the free market economy, monetaris economic policy, privatisation of state-owned industries, lower direct taxation and higher indirect taxation, opposition to trade unions, and a reduction of the size of the Welfare State. "Thatcherism" may be compared with Reaganomics in the United States, Rogernomics in New Zealand and Economic Rationalism in Australia . Thatcher was deeply in favour of individualism over collectivism, with self-help as a mantra. I can closely...

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