Power and Political Economy from Thatcher to Blair

Power and Political Economy from Thatcher to Blair

Author: Robert Ledger

Publisher: Routledge

Published: 2021-03-04

Total Pages: 120

ISBN-13: 1000352323

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This book investigates the policies of the Thatcher, Major and Blair governments and their approaches towards concentration of economic and political power. The 1979–2007 British governments have variously been described as liberal or, to use a political insult and a favourite academic label, neoliberal. One of the stated objectives of the Thatcher, Major and Blair governments—albeit with differing focal points—was to disperse power and to empower the individual. This was also a consistent theme of the first generation of neoliberals, who saw monopolies, vested interests and concentration more generally as the ‘great enemy of democracy’. Under Thatcher and Major, Conservatives sought to liberalize the economy and spread ownership through policies like Right to Buy and privatisation. New Labour dispersed political power with its devolution agenda, granted operational independence to the Bank of England and put in place a seemingly robust antitrust framework. All governments during the 1979–2007 period pursued choice in public services. Yet our modern discourse characterises Britain as beset by endemic power concentration, in markets and politics. What went wrong? How did so-called neoliberal governments, which invoked liberty and empowerment, fail to disperse power and allow concentration to continue, recur or arise? The book will be of interest to students and scholars of contemporary British history, political economy and politics, as well as specific areas of study such as Thatcherism and New Labour.


The End of Decline

The End of Decline

Author: Brian Brivati

Publisher: Politico's Publishing

Published: 2007

Total Pages: 200

ISBN-13:

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"The End of Decline" explores the historical significance of New Labour and puts forward an argument, which is simple and positive and therefore deeply unfashionable. It is that the governments of Tony Blair and Gordon Brown are responsible for the ending of decline in Britain. They owe Thatcher a great debt, but it is they, rather than Thatcher, who have made Britain the first among equals in Europe. They have helped to create a renaissance in British art and culture, and also in sport, culminating in the awarding of the 2012 Olympic Games to London. In short, Britain has cured itself of the so-called 'British disease' and has become much more comfortable, imaginative and successful: it is now a country which is envied rather than pitied; in growth, no longer in decline. Despite many problems in the welfare state, the polarisation on the Iraq War and suicide bomb attacks, Britain is now confident in three vital areas: political economy, culture and our role in the world. We have confidence in our institutions, celebrate our culture and hold our head high.


The Thatcherite Offensive

The Thatcherite Offensive

Author: Alexander Gallas

Publisher: BRILL

Published: 2015-10-14

Total Pages: 332

ISBN-13: 9004292217

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In The Thatcherite Offensive, Alexander Gallas provides a class-centred political analysis of Thatcherism. Drawing upon Greek state theorist Nicos Poulantzas, he challenges both mainstream and critical accounts of British politics in the 1980s and 90s. He shows that Thatcherism’s sucess and novelty, indeed its unity as a political project, lay in the fact that the Thatcher governments profoundly shifted class relations in Britain in favour of capital and restructured the institutions underpinning class domination. According to Gallas, it was an integral part of the Thatcherite project to directly intervene in labour relations, to deprive workers of their ability to forge coalitions, and to smash militant trade unionism.


Ideas and Economic Crises in Britain from Attlee to Blair (1945-2005)

Ideas and Economic Crises in Britain from Attlee to Blair (1945-2005)

Author: Matthias M Matthijs

Publisher: Routledge

Published: 2012-08-21

Total Pages: 274

ISBN-13: 1136907890

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During the period from 1945 to 2005, Britain underwent two deep-seated institutional transformations when political elites successfully challenged the prevailing wisdom on how to govern the economy. Attlee and Thatcher were able to effectively implement most of their political platforms. During this period there were also two opportunities to challenge existing institutional arrangements. Heath's 'U-turn' in 1972 signalled his failure to implement the radical agenda promised upon election in 1970, whilst Tony Blair’s New Labour similarly failed to instigate a major break with the 'Thatcherite' settlement. Rather than simply retell the story of British economic policymaking since World War II, this book offers a theoretically informed version of events, which draws upon the literatures on institutional path dependence, economic constructivism and political economy to explain this puzzle. It will be of great interest to both researchers and postgraduates with an interest in British economic history and the fields of political economy and economic crisis more widely.


The Political Legacy of Margaret Thatcher

The Political Legacy of Margaret Thatcher

Author: Stanislao G. Pugliese

Publisher: Methuen Publishing

Published: 2003

Total Pages: 436

ISBN-13:

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The political legacy of the Thatcher government endures today. Many contend that New Labour would not exist had it not been for Margaret Thatcher. This book gives an insight into the style of the Thatcher administration and draws fascinating conclusions.


The Conservative Party

The Conservative Party

Author: Tim Bale

Publisher: Polity

Published: 2011-02-28

Total Pages: 489

ISBN-13: 0745648584

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The Conservatives are back - but what took them so long? Why did the world's most successful political party dump Margaret Thatcher only to commit electoral suicide under John Major? Just as importantly, what stopped the Tories getting their act together until David Cameron came along? The answers are as intriguing as the questions.


Margaret Thatcher. Between Icon and Hate Figure

Margaret Thatcher. Between Icon and Hate Figure

Author: Sebastian Nickel

Publisher: GRIN Verlag

Published: 2018-10-17

Total Pages: 25

ISBN-13: 3668818800

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Seminar paper from the year 2016 in the subject English Language and Literature Studies - Culture and Applied Geography, grade: 2,0, University of Potsdam, language: English, abstract: In course of its long democratic history, the United Kingdom has gone through many governments whose influential Prime ministers had formed the British society. But probably no other British Prime minister (PM) has ever left his marks so much as Margaret Thatcher, who held longer office than every other PM before. However, the assumption that her almost twelve years lasting term of office could be taken as an indicator for her great popularity as great politician is not applicable at all. Indeed, the “Iron Lady” and her revolutionary economy and welfare policy, known as Thatcherism, polarised and still divide the minds of the British society. Whereas her supporters are prizing her policy as the basis of Britain’s power and wealth for millions, her critics blame her to be responsible for the ruin of the social sector and the destruction of a social community sense. This seminar paper is concerned with the controversial policy of Margaret Thatcher. For my work, I argue that “The policy of Thatcher has cemented the British class system rather than loosen it”. As a theoretical background I will examine the British class system and define the term “class” itself. The main part is structured into three linked chapters dealing with the main features of Thatcher’s era in order to reveal how Thatcher’s policy affected the major classes in the UK: Working -, Middle - and Upper Class. Thereby, it will be illustrated and concluded in the final part of this work if Thatcher can be seen rather as an icon or rather as a hate figure for the UK and its classes. The entire work is embedded in a short portray of the social life in the UK before and after Thatcher’s legislative period in order to compare the development objectively.


Neoliberalism: A Very Short Introduction

Neoliberalism: A Very Short Introduction

Author: Manfred B. Steger

Publisher: OUP Oxford

Published: 2010-01-21

Total Pages: 169

ISBN-13: 0191609765

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Anchored in the principles of the free-market economics, 'neoliberalism' has been associated with such different political leaders as Ronald Reagan, Margaret Thatcher, Bill Clinton, Tony Blair, Augusto Pinochet, and Junichiro Koizumi. In its heyday during the late 1990s, neoliberalism emerged as the world's dominant economic paradigm stretching from the Anglo-American heartlands of capitalism to the former communist bloc all the way to the developing regions of the global South. At the dawn of the new century, however, neoliberalism has been discredited as the global economy, built on its principles, has been shaken to its core by a financial calamity not seen since the dark years of the 1930s. So is neoliberalism doomed or will it regain its former glory? Will reform-minded G-20 leaders embark on a genuine new course or try to claw their way back to the neoliberal glory days of the Roaring Nineties? Is there a viable alternative to neoliberalism? Exploring the origins, core claims, and considerable variations of neoliberalism, this Very Short Introduction offers a concise and accessible introduction to one of the most debated 'isms' of our time. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.


Turnaround

Turnaround

Author: Peter Blair Henry

Publisher: Basic Books

Published: 2013-03-12

Total Pages: 242

ISBN-13: 0465031919

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Thirty years ago, China seemed hopelessly mired in poverty, Mexico triggered the Third World Debt Crisis, and Brazil suffered under hyperinflation. Since then, these and other developing countries have turned themselves around, while First World nations, battered by crises, depend more than ever on sustained growth in emerging markets. In Turnaround, economist Peter Blair Henry argues that the secret to emerging countries' success (and ours) is discipline -- sustained commitment to a pragmatic growth strategy. With the global economy teetering on the brink, the stakes are higher than ever. And because stakes are so high for all nations, we need less polarization and more focus on facts to answer the fundamental question: which policy reforms, implemented under what circumstances, actually increase economic efficiency? Pushing past the tired debates, Henry shows that the stock market's forecasts of policy impact provide an important complement to traditional measures. Through examples ranging from the drastic income disparity between Barbados and his native Jamaica to the "catch up" economics of China and the taming of inflation in Latin America, Henry shows that in much of the emerging world the policy pendulum now swings toward prudence and self-control. With similar discipline and a dash of humility, he concludes, the First World may yet recover and create long-term prosperity for all its citizens. Bold, rational, and forward-looking, Turnaround offers vital lessons for developed and developing nations in search of stability and growth.


John Major: An Unsuccessful Prime Minister?

John Major: An Unsuccessful Prime Minister?

Author: Kevin Hickson

Publisher: Biteback Publishing

Published: 2017-05-23

Total Pages: 272

ISBN-13: 1785902717

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This year marks the twentieth anniversary of one of the most momentous general elections this country has ever seen. John Major's defeat in 1997 ended a record eighteen years of Tory government, prompting accusations of failure and ignominy. A controversial leader, Major oversaw numerous crises in international and domestic policy. Between 1990 and 1997, he presided over Britain's participations in the Gulf War, the start of the Northern Ireland peace process, the Maastricht Treaty negotiations and, famously, Black Wednesday and Britain's exit from the ERM. Towards the end, Major's government was split over Europe and ridden with allegations of sleaze. Widely criticised by the media and politicians from all parties, Major went on to be crushed by Tony Blair and New Labour in the 1997 general election. An Unsuccessful Prime Minister? is the first wide-ranging appraisal of John Major's government in nearly two decades. This book reconsiders the role of John Major as Prime Minister and the policy achievements of his government. Major's government faced many more constraints and left behind a more enduring legacy than his critics allowed at the time or since.