316158
The New
Right 1970's
- Deregulation of the economy so that the
state does less and private companies do
more. The state will not prevent private
companies from being established
- Disengagement: state owned
companies would not be bailed
out by the taxpayer even if it
meant people losing jobs.
- Trade Unions had too much power. They were
preventing companies from modernising and their
excessive wage demands were causing rising
prices making UK industry uncompetitive.
- Low taxation: Lower taxes give people an
incentive to earn more, generating more
wealth, meaning they would be less
dependent upon government services.
- Dependency culture: Generous welfare benefits were
acting as a disincentive for families to go to work.
Benefits needed to be reduced.
- Government spending needed to be limited and
reduced. The less money which government spends
then private companies will be able to spend more.
¿Quieres crear tus propios Mapas Mentales gratis con GoConqr? Más información.