The Four Pillars Of Thatcherism

After the post-war consensus planning of 1945, Britain and its society took a sharp left turn from the old world ideals practiced by the previous federal administrations in Britain. From the profoundly right wing political schema present in the pre-war society to the strongly liberal left that came to power in parliament after the war, the federal landscape of modern Britain warped during the 1940’s. The foundation of a social welfare republic and the rise of the labour party created a nation that was not focused on old world ideals of noble cause, monetarism and subsistent privilege. In the new welfare state, the four pillars of centralized government planning, nationalized resource industries, cradle to the grave social security and focus …show more content…
A society in stress is a poor indicator of success, and Thatcher’s rigid nature suppressed the voice of the public. The first issue to examine was her institution of a free market economy based around the fiscal concept of monetarism. According to the Oxford english dictionary, monetarism is defined as the theory or practice of federal agents controlling the supply of money as the chief method of stabilizing the economy. Thatcher firmly believed in monetarism as a guarantee to economic prosperity, but in order for this system to work, nearly all social welfare measures had to be stricken down. Thatcher had come into a notoriously weak economy in Britain, and by the end of her time in office, the British economy saw a powerful recovery thanks to Thatcher. In lieu of varying levels of protest, Thatcher managed to restructure the British welfare state into an elitist fiscal bubble. The artificial control of inflation and deflation helped to regulate the distribution of available funds to Britain’s citizens, in favor of creating the demand for jobs in a specialized small-sector economy. To some Thatcher’s deliberate failure to provide for all people can be viewed as the reason for Britain having uneven distribution of private wealth, however her aim was to stabilize an economy, and her objective was completed by 1990 through precise fiscal policy derived explicitly from Thatcher’s individual …show more content…
Under Prime Minister Clement Atlee, the British Nationality Act of 1948 allowed the free flow of barbadian immigrants between the British isle, and territories in the caribbean. This leftist policy was revised in 1962 through the Commonwealth Immigration Act, which allowed only skilled barbadians to apply for entry to the British mainland. However, Thatcher did not find this already conservative measure to be strict enough in limiting the number of non-white British citizens admitted to the mainland. Thatcher found strong support for her immigration policy in the form of enterprising young men who believed in old world ideals. In what seemed to be a clear homage to the days of the teddy boys, Thatcher rallied the support of angry young men who were concerned with the loss of a world where “one could pull themselves up by their bootstraps” and make something out of themselves through hard work and determination, even if starting from the bottom. Immigrants that were not “true Brits” stood in the way of these young men by acting as beneficiaries to welfare policy. By keeping Britain as “ethnically pure” to these young men, Thatcher was a messiah in unburdening the government of superfluous expenses. Immigration under Thatcher was strikingly low, and her aim in office was to have the circumstance be exactly so, therefore another success for the individual