The term Thatcherism emanated from the belief in a combination of free market policies and upholding family values. With the emergence of Thatcherism, the role of the Friedrich (2014) presented a convincing argument against the British arguing that they would create an oppressive society where the citizenry would not have freedom by abandoning liberalism and individualism. He further argued that socialism had its roots in exaltation of state above its citizens and central planning of economic policies. For him it was undemocratic to impose the will of a minority upon the majority though central planning. The centralised planning systems ...
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