Thatcherism: the state should shrink and individual freedom should grow

BBC News: It all started with chickens;

In the 1970s, Britain was a country being ravaged by discredited and failed socialist policies and strangled by gross abuses of trade union power. These documentaries chart the painful but vital changes that the Conservatives implemented which saved the country economically and rescued it politically from the grip of socialist idealogues. The medicine was bitter and many people faced serious hardship, but the cost of not making these changes would have been unimaginable deprivation and decline. The ideas of Seldon, Hayek and the US ideas of monetarism, implemented by the Thatcher government, brought the country back from the brink of collapse and despair - to the point where, with a population of just 60 million and relatively poor natural resources, it now has the sixth biggest economy in the world.

If you want more, check out the trailer for the three-part mini series, Tory! Tory! Tory! in the post below. It traces the history and ideas behind the ethos of Thatcherism - and how Britain was converted from a state-run monopoly (and billions in debt) to a workable and viable economy.

See also: Outsiders, The Path to Power and The Exercise of Power, here.