New Capitalism, Authority and Recognition

  title={New Capitalism, Authority and Recognition},
  author={V. Seidler},
Thatcherism in 1980s’ Britain and Reagan in the United States marked the dominance of a globalised market individualism that tended to disdain the poor, unemployed and dispossessed as work shy ‘scroungers’. But Thatcher’s championing of the right to buy council houses struck a chord in working-class communities that felt potentially empowered through ownership. Her focus upon individual rights and her antagonism to the nationalised industries she sought to privatise tended to subvert tradition… Expand