British identity was paramount in her agenda, especially in relation to foreign policy, the EU, and the economy. Focused and discussed in this essay will be Thatcher and Britishness in relation to the economy, EU, trade unions, and the Falkland’s War. In the politics arena, she had a vested interest, in all issues as they ascended. However the economy was a very important aspect in regarding Britishness and status. The Thatcher administration adopted a ‘radical’ economic strategy in relation to the economy.
The government can be seen to be doing this through the vast amount of Council house’s that were built. This new approach was revolutionary compared to the previous Conservative government with Classical Economics where if Unemployment was low the government would not intervene; for the first time action was being down to prevent Unemployment. There were problems however, inflation had started to rise and by nationalising the Coal industry, mining became inefficient as there were now too many people working after the government overmanning of the mines.
Thatcherism wished to limit the influence of the Trade Union movement so as to allow the market to operate more freely and therefore make industries much more efficient and profitable. Thatcher wanted to promote the values of the traditional family, reward hard work and encourage self reliance, and help people get away from the demoralising effect of the welfare system. Monetarism (which is what many Thatcherite ideas are based on) teaches that the key reponsibilty of the government regarding the economy is to control inflation which is seen as highly damaging to the economy and caused by having too much money in circulation. A major aim of Thatcherism was privatisation. Many nationalised industries at the time were heavily subsidised, overstaffed and inefficient.
Effectively the act benefited the middle classes, who were now given an electoral voice in parliament, while the working classes were largely ignored, causing widespread anger and resentment for the act, and all those it benefited. The huge number of working classes wanted to be represented, and the act was yet more salt in the wound. If you were to gather up dates for the most widespread Chartist appreciation in Britain and put this on a graph alongside the economies peaks and troughs, the results would no doubt roughly mirror each other. For Chartism excelled during times of economic disturbance, particularly the late 30’s. This ran alongside the blossoming industrialisation of Britain, areas such as Stockport and Cheshire undergoing radical change were often the strongest supports of Chartism.
The country had just been through a social revolution under Clement Attlee’s government and the lower class had experienced social security in the form of the new NHS and benefit system. Churchill, despite his deep ideological opposition, was forced to keep the welfare state fearing that tampering with such a popular social policy would lead to another Labour landslide in the next general election. Up until 1979 both the Conservatives and Labour followed Left wing policies created by the Attlee government, these ranged from the Keynesian Economic theory to the increased power of trade unions. The polar opposite of consensus is conflict politics. Conflict politics is the opposition of previous government policy and a complete change.
A principle in which the suggestion is that the market should be proficient in providing society with all the goods and services that is needed. This should be done efficiently and through the markets relationship with the individual. Neo Liberalists believe that state interference could cause economic problems for its government as it offers a financial incentive without working, thus, delivering a pessimistic moral and social outcome (Powell and Hewitt, 2002). Additionally, there should be an emphasis on individual choice with a free market. With the choice of competition that the global market creates, there would be fewer restrictions on businesses to operate by the government.
Introduction The current economic environment is very influential on business planning and strategy. Due to economic shifts in the United States, a good strategy for business and services is to keep prices low without compromising quality. The same is true for the tax accounting and the consulting industry. A reduction of prices can be done through careful restructuring of the business to accommodate the slowing economic conditions. By expanding into the market of low cost tax accounting services this firm will be able to remain competitive and profitable.
Many may argue that the falling economy and the wealthy not wanting to share their shares is to blame for the raising rates of poverty here in the states. Poverty of course, has a lot to do with money and income but underneath that it is has a deeper story. Stories of how different people are suffering from it and how they are managing to live day by day. It almost seems as if it’s a foreign nation of its own and you only understand the concepts if you are in it. There is no doubt that here in America we are dealing with one of the greatest economic downfalls.
In our current economic climate, the Keynesian model of economics is more accurate. Business owners operate their business outside of government control and without much thought to the economic situation. Their goal is to build revenue and raise net worth of their company. With this being said, prices are in fact “sticky”. Even though the prices will lower of time, companies will take advantage of the recession, knowing that consumers still require their goods, no matter if it falls outside their budget or not.
Although the feminist movement was on the rise, so was the divorce rate. This decade was where the divorces increased the most, and families started to fall apart. In the 1980s family was not the most essential priority. Just like in the book “Blow” by Bruce Porter, George Jung was not the best father figure. His job, which was smuggling cocaine, made him money hungry and was more interested in making more and more and more money that family wasn’t his top priority in life.