She failed in her dream of using economic policies to create a society of citizens who believed only in individualism. Via New Left Project, Tom Mills writes:
Much has been made of the ideological power of Thatcher’s political vision, but in reality she did not seek to persuade people that ‘there is no alternative’. Rather she forced people to accept as much by attacking the social bases of collective action and ideas, emasculating those institutional forms that could make building any alternative possible or even imaginable.
Like the Marxists she despised, Thatcher believed that ultimately it is the material conditions of life that determine political consciousness, and she sought therefore to bring about institutional changes which would carry with them an ideological reorientation. Hence why in an interview for the Sunday Times in May 1981 she made the chilling remark that, ‘Economics are the method; the object is to change the heart and soul.’
The policy innovations in the Thatcher years represented a profound shift towards a political economy based on rising asset values rather than income.
