Professional Documents
Culture Documents
Ideological Hegemony
By 1992 the labour party had conceded most of its alternative economic
strategies, and nuclear disarmament. The 1992 Labour manifesto had
almost no radical policies different from the conservative manifesto.
This was not achieved by changing the minds of the electorate, but rather
the minds of the political elites such as the media, who then presented
thatcherist policies as the only right and acceptable ones
Because support from the labour movement was impossible, the destruction of
the old labour unions was essential to weakening the opposition, Thatcher
instituted policies to weaken unions and discourage membership
The implicit endorsement of Thatcherism by new labour represents the
peak of thatcherisms ideological change.
In its implementation of policy thatcher acted pragmatically, shaped by
pressures rather than ideology, but thatcher and top conservatives
were strongly committed to implementing these changes where
possible
Economic Hegemony
Important to note Keynsian policies were still used and monetarist
policies of inflation targeting had been removed by 1985. These
keynsian policies were just instead focussed on market stability rather
than full employment.
Significant cuts in taxes grew the economy and allowed for continued spending
levels
Early 80s policies focused on stability, largest cuts in taxes came in the mid/late
80s
Was willing to squeeze departments budgets across the board but was
hesitant to restructure or make deep cuts to individual departments.
Borrowing sharply increased