Thatcherism (noun)

The political beliefs and policies associated with Margaret Thatcher and her Conservative government, characterized by a belief in free-market economics, privatization, and the reduction of the role of the state in economic and social affairs.

Origin:

From the name of margaret thatcher, the british prime minister who served from 1979 to 1990 and her political beliefs.

Examples:

1. Thatcherism was the driving force behind the privatization of many state-owned industries in the UK.
2. The economic policies of Thatcherism were often referred to as neoliberalism.
3. Thatcherism had a lasting impact on the UK's economy and society.
4. The Conservative party's move away from Thatcherism was seen as an attempt to broaden its appeal.
5. Thatcherism's focus on individualism and free market capitalism was heavily criticized by the left-wing.