Death agony of Thatcher era
Monday, January 26, 2009 : PermalinkAsia Times Online – During the end of the 1970s into the 1980s, British Conservative prime minister Margaret Thatcher and the City of London financial interests who backed her introduced wholesale measures of privatization, state budget cuts, moves against labor and deregulation of the financial markets.
They did so in parallel with similar moves in the US initiated by advisers around Reagan. The claim was that hard medicine was needed to curb inflation and that the bloated state bureaucracy was a central problem.
Tags: 1970s, 1980s, asia times, city-of-london, conservative prime minister, deregulation, financial interests, financial-markets, inflation, margaret thatcher, measures, medicine, privatization, reagan, similar moves, state budget cuts, state bureaucracy, wholesale
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