Chapter 9
Foundations of Economic Globalization
Foundations of Economic Globalization
Table of Contents
Known as the "Iron Lady," she was the first female British Prime Minister. She remained in power for almost 12 years.
Thatcherism increased unemployment and poverty and highlighted measures of austerity that chipped away at the UK’s social security net. After all, Margaret Thatcher famously declared that there is “no such thing as society.” This gives a pretty clear indication of how she felt about those who relied on social welfare measures to survive ( Freya Cormack, n.d.).
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Cormack, F. (n.d.). What's so bad about Thatcherism and Reagonomics? - a response to Josh Frydenburg. Arc UNSW Student Life. https://www.arc.unsw.edu.au/blitz/read/whats-so-bad-about-thatcherism-and-reaganomicsquestion-a-response-to-josh-frydenberg