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  • I think her point was that she crushed the old politics of the 70's in such a way that she managed to shift the general consensus of the electorate to thinking that that fee markets are inherently more efficient therefore rendering Old Labour irreverent in the minds of many voters. This forced the rethink that produced New Labour. As Wikipedia puts it:

    New Labour developed and subscribed to the "Third Way", a centrist platform designed to offer an alternative to both complete capitalism and absolute socialism.

    I am neither arguing for or against New Labour, merely stating it is not Thactherism. My main argument being that Thatcher was a small stater and New Labour were not. This, in my mind, is a significant difference.

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