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.
New labour introduced the idea of the third way, a political theory between Thatcherism and social democracy which is a mixture between capitalism and socialism where individual enterprise goes hand in hand with social responsibility, meaning that the government has reduced their evolvement in people’s lives, going back to a more macro style of politics. Lastly Blair advocated for the public-private partnership to help solve the problem of ailing public services, for example a school will pay a private company to carry out tasks which the school needs doing instead of the government dealing with every detail in the school. Ed Miliband’s new polices show the true extent at how labour has abandoned socialism. When dealing with the economy,
Finally, it is suggested the party’s attitude to these questions is illustrative of the way in which economic ideas in the public sphere are inevitably conditioned by the political interests of the politicians who promote them. I The Britain of the 1930s is generally known as an era of ‘slump’ at home and ‘appeasement’ abroad. Indeed, at the time, these issues - perceived economic decline and alleged willingness to truckle to dictators - formed the main bases of the Labour Party’s attacks on the National government. Economic and foreign policy were, moreover, intrinsically connected. G.C.
Mandatory standards are needed because companies might want to make the accounts appear unrealistically favourable. If this were to happen then shareholders would not be obtaining an accurate view of the business. For example, if discretionary expenditure were deferred, such as spending on research and training, then earnings would be artificially improved. There is a need to make it more difficult to manipulate accounts such as by deferring expenditure. 2: The background in the United Kingdom In the 1960’s confidence was lost in accounting procedures.
The reason why this role is taken away from governments is that they are obstacles to a nation’s development because they are inefficient and corrupt systems. A trend towards Neoliberalism began as early as the 1970s as a direct attack on the Keynesian ideology. The ideology came to the forefront of politics when both Prime Minister of England, Margaret Thatcher and President of the United States, Ronald Reagan implemented Neo-Liberal policies. While the practice of Neoliberalism can be seen in many countries, like other ideologies it is not without flaws; however, these flaws greatly outweigh the positives that occur through its practice. Therefore, Neoliberalism is an ineffective Pro-Market approach to development that contributes to inequality and causes more harm than good for both the global south and north.
Eliopolous (2010) poses the question of who benefits from the whole "dumbing-down" strategy, and puts the blame on governments whose people are "under a state of Murky siege and narcosis". The opposite could prove to be true. Who's to say that IQ scores are actually declining but are posted at the national average to keep the population's curiosity at bay? One of the factors that is commonly believed that the government is trying to manipulate is education. It is commonly believed that so-called "standardized tests" are actually getting easier with time.
Market-Oriented supply-side policies are changed when the government reduces ordinance and make the market to work more freely. For example, reducing or elimination the power of trades unions and minimum wages can reduce labor market inflexibility’s. Using the tax system to furnish encourage and reward to help irritate factor output, rather than to alter demand. This general means reducing direct tax rates, including income and corporation tax. Lower income tax will act as a reward for unemployed workers to join the labor market, or for existing workers to work harder.
They say that family is vital for 4 things in society: the regulation of sexual activity, reproducing and raising children, educating or socialising society’s way of life to the younger members and being an economic unit with clear divisions of labour between genders. With the decline in the nuclear family, they will believe that these four functions will diminish and society will not function in an adequate way. Where liberal feminists would not be happy about the decline in nuclear families as they believe that increasing equality exists between men and women, radical and Marxist feminists would think that it is a good thing. Radical feminists argue that men benefit much greater than women within the family environment. They say that gender roles which are allocated within a family are accepted by the women, which then goes on to disadvantage them in later life when it comes to things such as employment.
Neoliberalism is a political philosophy whose advocates support economic liberalization, free trade and open markets, privatization, deregulation, and decreasing the size of the public sector while increasing the role of the private sector in modern society. The education sector thus forms a rather controversial as well as affected sector in the above policies. The hegemony of globalized neo-liberal economic policies has contributed to redefining education in terms of its contribution to the economy. As Blackmore states: "Education has, in most instances, been reshaped to become the arm of national economic policy, defined both as the problem (in failing to provide a multi-skilled flexible workforce) and the solution (by upgrading skills and creating a source of national export earnings" (Blackmore, 2000, 134). As one economist affiliated with Argentina's Ministry of Economics stated: "What we try to measure is how well the training provided by each school fits the needs of production and the labor market" (Puiggros, 2000, p. 84).
Their union deplores industrial action by the profession, but nevertheless it has meant strikes in the UK to force a reluctant government into financing better incomes in the National Health Service, and in the view of many these incomes remain inadequate. The reason is that in a capitalist society incomes depend on the market economy i.e. supply and demand. If you supply a need and are in a minority you can command a high income. In a socialist state, the government evaluates the contributions of all workers and fixes wages accordingly.