Thatcherism

is a particular ideology characterized in that it is dictated by political rather than economic interests.

Rather than by any specific logic of capitalism, the reversal was brought about by voluntary reductions in social expenditures, higher taxes on low incomes and the lowering of taxes on higher incomes. This is the reason why in Great Britain in the mid 1980s the members of the top decile possessed more than a half of all the wealth (Giddens 1993, 233). To justify this by means of economic 'objectivities' would be an ideology. What is at play here are interests and power.

is an ideological project revering victorian values and promoting 'authoritarian populism'.

Thatcherism should be viewed as an ideological project promoting 'authoritarian populism', since it is known for its reverence of 'Victorian values'.

thatcherism, n.All

thatcherism