Influence
| Part of the politics series on |
| Thatcherism |
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Philosophy
Conservatism Libertarianism Capitalism • Privatisation Anti-communism • Anti-trade unionism British unionism • Euroscepticism Home ownership • Entrepreneurship Monarchism • Traditionalism |
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People
Margaret Thatcher Nigel Lawson • Keith Joseph Milton Friedman • Friedrich Hayek Ralph Harris • Arthur Seldon Norman Tebbit • Michael Portillo John Redwood • Francis Maude Augusto Pinochet • Ronald Reagan |
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Organisations
Conservative Party Bruges Group Centre for Policy Studies Conservative Way Forward Institute of Economic Affairs Mont Pelerin Society No Turning Back The Freedom Association |
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Related movements
Economic rationalism (Australia) Reaganomics (United States) Rogernomics (New Zealand) Libertarianism in the UK |
| Politics Portal |
The CPS soon drove for a reassessment of Conservative economic policy during their period in opposition from 1974-1979. It was during this period that the CPS released its landmark reports, such as Stranded on the Middle Ground and Monetarism is Not Enough (1974 and 1976). Keith Joseph’s keynote speeches, published by the CPS, aimed to lead the way in changing the climate of opinion in Britain and set the intellectual foundations for the free market reforms of the 1980s. Monetarism is Not Enough was described by Margaret Thatcher as “one of the very few speeches which have fundamentally affected a political generation's way of thinking.".
The CPS did not consciously represent itself as a partisan institute; ‘blame’ for the collectivist post-war consensus was placed on both sides of the political parties for operating within the same ideological framework. The CPS continually advocated a centre-right approach and was hugely influential during Margaret Thatcher’s administration, operating as a key driving force towards her hallmark policies of privatisation, deregulation and monetarism
In her own words, its job was to 'expose the follies and self-defeating consequences of government intervention....'to think the unthinkable'. In 1982, it released Telecommunications in Britain, which urged the Government to embrace a fuller agenda of privatization in the telecoms sector. The paper recommended the privatization of British Telecom and the introduction of competition to the sector –both of which were implemented. Another key publication was The Performance of the Privatised Industries (1996) – a four volume statistical analysis which showed how the privatization agenda had benefitted the consumer by ushering in lower prices and higher quality service. It argued that the taxpayer had benefitted greatly from privatisation - not just from the initial windfall from receipts, but also from higher tax revenues than had ever been received from the same companies when they were in state ownership.
Read more about this topic: Centre For Policy Studies
Famous quotes containing the word influence:
“The question of place and climate is most closely related to the question of nutrition. Nobody is free to live everywhere; and whoever has to solve great problems that challenge all his strength actually has a very restricted choice in this matter. The influence of climate on our metabolism, its retardation, its acceleration, goes so far that a mistaken choice of place and climate can not only estrange a man from his task but can actually keep it from him: he never gets to see it.”
—Friedrich Nietzsche (1844–1900)
“The higher the state of civilization, the more completely do the actions of one member of the social body influence all the rest, and the less possible is it for any one man to do a wrong thing without interfering, more or less, with the freedom of all his fellow-citizens.”
—Thomas Henry Huxley (1825–95)
“Perhaps I stand now on the eve of a new life, shall watch the sun rise and disappear behind a black cloud extending out into a grey sky cover. I shall not be deceived by its glory. If it is to be so, there is work and the influence that work brings, but not happiness. Am I strong enough to face that?”
—Beatrice Potter Webb (1858–1943)