Economy Flashcards
1
Q
Butskellism
A
Rab Butler (Conservative) and Hugh Gaitskell (Labour)’s welfare policies were similar in the post-war consensus.
2
Q
Rand
A
Stated importance of wealth creators in society. Warned against excessive welfare. Distribution of wealth doesn’t go to those who deserve it, instead it goes to electorally important groups.
3
Q
Nozick
A
Taxation is legalised theft.
4
Q
Private property
A
This provides a sense of security; a physical and psychological fallback.
4
Q
Thatcher
A
Privatisation, deregulation and sale of council homes.
