Definition of "Thatcherism"

Thatcherism

proper noun
1. (UK politics) The political ideology attributed to the governments of British prime minister Margaret Thatcher (1979–1990), characterised by, among other things, a free market economy, privatisation, low taxation, austerity and opposition to unionisation.
  Quotations
  Thus “Thatcherism” is—give or take one or two elements—the corresponding political bedfellow of a period of capitalist recession: the significant differences between this and other variants of Tory “philosophy” being conceived as without any specific pertinent political or ideological effects.
  1979 January, Stuart Hall, “The Great Moving Right Show”, in Marxism Today, page 14