Analysis of information sources in references of the Wikipedia article "New Labour" in English language version.
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Sir Tony Blair, upon Thatcher's death in 2013, said she had been a "towering political figure" and that he had seen his job as being "to build on some of the things she did rather than reverse them". Asked in 2002 about her greatest achievement, Thatcher answered: "Tony Blair and New Labour. We forced our opponents to change their minds."
Sir Tony Blair, upon Thatcher's death in 2013, said she had been a "towering political figure" and that he had seen his job as being "to build on some of the things she did rather than reverse them". Asked in 2002 about her greatest achievement, Thatcher answered: "Tony Blair and New Labour. We forced our opponents to change their minds."
Search the vocabulary of New Labour and you find that one word has completely disappeared: equality - a precise word in economic terms. It can only be sought through government intervention to achieve a more equable distribution of wealth. But New Labour believes in the 'dynamic market economy', which in ordinary English means an economy where market forces rule supreme. This excludes governments from intervening in pursuit of social justice. Thatcher responded to this criticism by talking of the 'trickle down effect'. What she was really talking about was Adam Smith's 'Invisible Hand' theory, which sounds like a Sherlock Holmes mystery, and just as fictional. Smith believed that if every one behaves selfishly in a perfectly free market their competitive interactions would ensure the greatest happiness for all.
This time-honoured commitment to mass nationalisation was overhauled 20 years ago when Tony Blair, then Labour leader, won a controversial vote to amend clause IV.
This time-honoured commitment to mass nationalisation was overhauled 20 years ago when Tony Blair, then Labour leader, won a controversial vote to amend clause IV.
Search the vocabulary of New Labour and you find that one word has completely disappeared: equality - a precise word in economic terms. It can only be sought through government intervention to achieve a more equable distribution of wealth. But New Labour believes in the 'dynamic market economy', which in ordinary English means an economy where market forces rule supreme. This excludes governments from intervening in pursuit of social justice. Thatcher responded to this criticism by talking of the 'trickle down effect'. What she was really talking about was Adam Smith's 'Invisible Hand' theory, which sounds like a Sherlock Holmes mystery, and just as fictional. Smith believed that if every one behaves selfishly in a perfectly free market their competitive interactions would ensure the greatest happiness for all.
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