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Word: thatcherism (lookup in dictionary) (lookup stats)
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...earliest admirers was Ronald Reagan, who achieved power 18 months after she did. He too began to reverse the Ratchet Effect in the U.S. by effective deregulation, tax cutting and opening up wider market opportunities for free enterprise. Reagan liked to listen to Thatcher's various lectures on the virtues of the market or the minimal state. "I'll remember that, Margaret," he said. She listened carefully to his jokes, tried to get the point and laughed in the right places...

Author: /time Magazine | Title: Margaret Thatcher | 4/13/1998 | See Source »

They turned their mutual affection into a potent foreign policy partnership. With Reagan and Thatcher in power, the application of judicious pressure on the Soviet state to encourage it to reform or abolish itself, or to implode, became an admissible policy. Thatcher warmly encouraged Reagan to rearm and thereby bring Russia to the negotiating table. She shared his view that Moscow ruled an "evil empire," and the sooner it was dismantled the better. Together with Reagan she pushed Mikhail Gorbachev to pursue his perestroika policy to its limits and so fatally to undermine the self-confidence of the Soviet elite...

Author: /time Magazine | Title: Margaret Thatcher | 4/13/1998 | See Source »

Historians will argue hotly about the precise role played by the various actors who brought about the end of Soviet communism. But it is already clear that Thatcher has an important place in this huge event...

Author: /time Magazine | Title: Margaret Thatcher | 4/13/1998 | See Source »

...beginning of a new historical epoch. All the forces that had made the 20th century such a violent disappointment to idealists--totalitarianism, the gigantic state, the crushing of individual choice and initiative--were publicly and spectacularly defeated. Ascendant instead were the values that Thatcher had supported in the face of sometimes spectacular opposition: free markets and free minds. The world enters the 21st century and the 3rd millennium a wiser place, owing in no small part to the daughter of a small shopkeeper, who proved that nothing is more effective than willpower allied to a few clear, simple and workable...

Author: /time Magazine | Title: Margaret Thatcher | 4/13/1998 | See Source »

...Margaret Thatcher said it best: he took words and sent them out to fight for us. He never stopped trying to persuade, to win the world over, to help it think about the nature of democracy and the nature of communism, and to consider which system it was that threatened the world's peace...

Author: /time Magazine | Title: Ronald Reagan | 4/13/1998 | See Source »

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