Neo Liberal migration

There has been a neo liberal migration from internal Thatcherism to exporting it around the world. But it had dramatic consequences in an ideological shift that would ultimately be Thatcher's downfall. The fact that Thatcherism became a watch word for privatization and deregulation of the economy made for some lasting effects that have compromised the Tories for decades!

Thatcher was buoyant as an advocate for privatizing the heavy industries and saleable parts of British Telecom, British Airways, British Gas etc, but what she didn't expect was that her encouraging the public in the UK to buy shares and embrace the world of the Markets by buying more shares, stocks, bonds etc once the British public had got a taste for their new 'stakeholder economy, but instead, the discerning British public sold up and didn't become a nation of Shareholders etc,. Instead, an ideological structural non-interest in the City of London rejected Thatcher's goal. Even when her Chancellor (Nigel Lawson) had created the Big Bang' of deregulating Britain's financial centre to tempt the public into switching their investments in their bank to shares etc, it failed because the UK did not share their vision!

So, what was their vision? Well, in order to transform the public sector that had subsidized the Nationalisation programme of post-war Britain into a neo liberal free market centre of a new form of wealth creation, redistribution of wealth and a new form of public ownership individualised by the new revenue stream of a shareholder society and economy based upon individualisation and new lucrative opportunities that the great British public would restore the UK as a consumer and producer of wealth, a stakeholder and a shareholder!!!.… but it failed! Thatcher in fact may have acknowledged its limitations by her ideological patriotic national renewal migrating to a new neo liberalism of globalisation, in which the UK was only one of many in a global economy of multiple hubs, run in part by Wall Street in New York!

So, when Macmillan had warned Thatcher back in the late 70's that Thatcher was selling off the household silver, that they would never be able to regain it and the UK would be the poorer he was only partly right (I will explain why soon). But this ideological dilemma that Tories faced was not only over between those who wanted the UK to 'buy British ' or buy on the global market, no, it has been the thorn in their side in which the electorate have intuited and blamed them for it ever since!

But notwithstanding the friction between nationhood with British produce and products as a marketplace for the British first, to be at loggerheads with Thatcher shifting her ideological priority, which in fact was based upon her convictions that she had become a globalist compatriot of the neo liberal free universal market to flatter her own 'accomplishment as a legacy of global significance, rather than ' of being just another Tory PM who was conservative with a 'small c'! But her co-creator (with President Reagan) of a globalised marketplace clearly was a bigger player with an immense global superpower capability! Perhaps Thatcher can take some credit for her part in the end of the Cold War, but there are many who feel that Privatisation to global neoliberalism especially at the potential disadvantage of the UK's interests has left the Tories without much wriggle-room!

But, Thatcher's ideological post Britain's interests may have also had an unfortunate consequence that has consumed Western investment not necessarily with the West's best interests at heart - Post Soviet western investments have revivified Russia as a Capitalist state with a massive injection of largely short term Western finance that has upgraded Russian military and AI technology and taken its neo liberal free market economy into the next post Thatcher ideological shift to Russian nationalism! Ironically the right-wing globally have been fascinated by the National to international to nationalistic capitalism and now influences protectionism that it has exported to Trump with the Tariff policies! How did Post Cold War Russia manage to use western investment to finance the invasion of Ukraine and get a very supportive American President to Tariff the hell out of international business as Make America Great again! When isn't that what 20 years of Putin in charge of Russia has been promising Russia!!?? Thatcher's legacy may well be transforming the UK in order to migrate from Britain first towards a Globalisation of neo liberalism that would be vulnerable to a new and powerful Russian Federation!