New Right Conservatism (Thatcherism)
Conservative party had to change their beliefs to combat the worsening ecoomy, high unemplyment, a huge public sector debt and inflation.
- The state should do as little as possible to intervene in industy, welfare policy and management of the economy.
- Privatise all major industires that were originally nationalised to increase competition and encourage companies to give a better service.
- State should not intervene in declining industies as if they fail resources will be allocated to growing industires or they will be forced to become more efficient, this will improve…
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