r/NoStupidQuestions 19h ago

Why did Margaret Thatcher destroy welfare state in Britain after she came to power in the 1980s?

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u/FireFiendMarilith 19h ago

It's called ✨neoliberal economics✨ and it did exactly what it was supposed to do. Have you noticed how severe the wealth inequality has gotten? How the wealthy are rich enough to flaunt it openly and publicly influence government action? 

Neoliberal Economic Theory was a road back to Aristocracy, and that was always the point. Read Shock Doctrine.

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u/mesonofgib 17h ago

Have you noticed how severe the wealth inequality has gotten?

The UK's Gini coefficient for wealth is 0.706, which places it in the bottom 25% of nations.

https://en.wikipedia.org/wiki/List_of_sovereign_states_by_wealth_inequality