Thatcherism
- Britain’s Conservative Prime Minister Margaret Thatcher tried to reduce government involvement in the economy and increase economic freedom and entrepreneurism to keep with classical liberalism.
- Thatcher sold social housing (government- owned homes) and privatized utility companies. She took a hard line with labor unions and forced a loss in the union movement in Britain.
Ebb & Flow of Liberal Economic
Thatcher great supported supply side economics, lowering taxes and privatizing many companies that were previously government owned and overall creating less government involvedment.