As Prime Minister between 1979 and 1990 I had the…
““As Prime Minister between 1979 and 1990 I had the opportunity to put these convictions into effect in economic policy - We intended policy in the 1980s to be directed towards fundamentally different goals from those of most of the post-war ear. We believed that since jobs (in a free society) did not depend on government but upon satisfying customers, there was no point in setting targets for 'full' employment. Instead, government should create the right framework of sound money, low taxes, light regulation and flexible markets (including labour markets) to allow prosperity and employment to grow.””
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Advocates market‑driven policies over government‑directed employment targets, emphasizing sound money, low taxes, light regulation, and flexible markets to foster prosperity.
In simple terms: Market freedom drives jobs, not government targets.
Key Takeaway
Focus on creating a business‑friendly environment.
Themes
economics
government
free market
employment
policy
Mood
determined
optimistic
pragmatic
Type
political
economic
When to use this quote
- business development
- tax reform
- labour market reforms
- entrepreneurship
- regional growth
Key Concepts
neoliberalism
supply‑side economics
deregulation
Questions to Reflect On
- How can flexibility be balanced with worker protections?
- What role should government play in ensuring fair outcomes?
A Different Perspective
May overlook social safety nets and inequality concerns.