New Right: Neo-Liberal Economics and Neo-Conservative Values (Edexcel A-Level Politics): Flashcards
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Neo-liberalism definition
Neo-liberalism definition
Free-market capitalism, minimal state intervention, privatization, deregulation, individual freedom
3 key neo-liberal scholars
3 key neo-liberal scholars
Ayn Rand, Robert Nozick, Milton Friedman
Neo-conservatism definition
Neo-conservatism definition
Preserving traditional values, social order, strict law & order
Post-War Consensus feature
Post-War Consensus feature
Mixed economy with state intervention and welfare provisions
When post-war consensus broke down
When post-war consensus broke down
1970s due to economic stagnation, inflation, unemployment
New Right combined which policies
New Right combined which policies
Neo-liberal economic & neo-conservative social policies
UK PM embodying New Right 1979-1990
UK PM embodying New Right 1979-1990
Margaret Thatcher
Thatcher's view on society
Thatcher's view on society
No such thing as society, only individuals and families
Privatization meaning & goals
Privatization meaning & goals
Transferring state enterprises to private sector to increase efficiency, competition, reduce spending
3 UK industries Thatcher privatized
3 UK industries Thatcher privatized
British Telecom, British Gas, British Airways
Big Bang 1986
Big Bang 1986
Deregulation of financial sector in London
Atomistic individualism
Atomistic individualism
Society of self-reliant individuals responsible for themselves
Neo-conservative fear from 1960s/70s
Neo-conservative fear from 1960s/70s
Social fragmentation from rapid social changes
Neo-conservative law & order approach
Neo-conservative law & order approach
Strict enforcement, harsher penalties, support police
Traditional values neo-cons uphold
Traditional values neo-cons uphold
Respect for authority, family integrity, community responsibility