Thatcherism has fundamentally altered conservative ideology in Britain. Discuss

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‘Thatcherism has fundamentally altered conservative ideology in Britain.’ Discuss

Firstly, I would highlight the fact that conservative ideology in modern Britain is, although marginally ‘top-right’, predominantly centrist. Thatcherism, on the other hand, was more strongly placed in the ‘top-right’. It could be argue that Thatcherism has altered conservative ideology in Britain in many ways

The first of these ways would be that the Conservatives place the free-market very highly in their value system, striving for economic competition and independence. The idea that Britain should hold a free-market or strongly right-wing mixed economy was famously held by Thatcher; this moulded the conservative way of thinking to move along the same lines. However, it could also be argued that Thatcher has not had much of an effect for reasons against the one above. The Conservatives, historically, have valued competition; it could therefore be argued that, had Thatcher not come into power, Conservative economic ideology may have gone this way anyway. Some might argue against this point, saying that Thatcher did alter conservative ideology in this sense because she acted as a catalyst for Conservative economic policy.

Another argument against that of Thatcherism altering conservative ideology in Britain is to point out that Thatcher developed an absolute faith in the market, she believed in market fundamentalism. This is not the case in current conservative ideology, arguably. Due to the current economic situation in Britain, it would not make sense for conservatives to put their absolute faith in the markets, and modern conservatives do not see the market as being morally or practically superior to government.

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In contention with this argument, many would argue that although Margaret Thatcher was a Neoliberal thinker and politician, she didn’t hold market fundamentalist views, or not to the extreme by which they are commonly understood. Some might argue that the authoritarian nature of Thatcherite politics show that Thatcher may have placed government control in certain aspects of politics over economic freedom and competition. Primarily, Thatcherism strived to escape traditionalism within the Conservative party; setting out a new ideological stance.

Arguably, it could be said that Thatcherism has altered conservative ideology in the sense that Thatcher’s movement was seen to be ...

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