Thatcherism in Australia

Thatcherism in Australia refers to the adoption of economic and political policies inspired by UK's Prime Minister Margaret Thatcher, emphasizing free-market principles, deregulation, privatization of state industries, and reduced government intervention. It aimed to boost economic growth, efficiency, and individual enterprise. While Australia did not fully implement all Thatcher policies, similar reforms occurred during the 1980s and 1990s under governments seeking to modernize the economy, promoting competition and reducing reliance on government-controlled sectors. The approach significantly transformed Australia's economic landscape, fostering a more open and competitive market environment.