![]() ![]() ![]() A Google search in 2013 brings up more than 14.5 million hits. The term privatization, for example, was barely known before her tenure. cousin Reaganomics, after the president, Ronald - were seen as radical departures. On the other, policies that were taken seriously - like the command economy - are no longer taken seriously.” “On the one side policies such as privatization and deregulation came to be taken seriously. ![]() “She shifted the boundaries of what was politically possible,” said Steve Davies, a director and economic historian at Britain’s Institute of Economic Affairs think tank. None of those policies were common in 1979 when Thatcher became Britain’s first woman prime minister with the country reeling in post-war economic decay. If that sounds familiar, it is because her playbook has been copied around the world. Thatcher, who died on Monday aged 87, stood for deregulation, a smaller state, free markets and privatization. politicians seeking spending cuts and curbs on unions, or Britain itself putting its Royal Mail on the auction bloc, the tenets of Thatcherism, for better or worse, are alive. Whether it is euro zone finance ministers demanding debt-laden countries privatize state-run companies, U.S. A portrait left by mourners is seen outside the home of former British prime minister Margaret Thatcher after her death was announced in London April 8, 2013. ![]()
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