Thatcherism may have been ideological, but it was an evident answer to the real issues of the time. Corporatist price and incomes policies had not addressed inflation; public intervention had not lifted economic growth.
Controlling the money supply, deregulating markets, privatising nationalised industries and reducing the power of organised labour would do what the outgoing mainstream consensus could not. They would lower inflation and revive the economy.
Glad we\’ve finally got agreement on that then.
One thought does occur though: if that\’s what is needed to lower inflation and revive the economy, as we\’ve now got rising inflation and a deflating economy, why aren\’t we doing the same again?