The nature of democracy - Essay Example

Democracy as defined by Margaret Thatcher was through her policies known as Thatcherism. A simple definition of Thatcherism involves three main themes, which are; it was the peak suitable shorthand portrayal of what Conformist administrations practiced between 1979 and 1990. This ideology shows that every step these governments took had a heavy doctrinal base, and it infers that all the Conservative governments in this era were subject to their leader, Mrs. Thatcher. Gorbachev, on the other hand, was determined on restoring Soviet socialism through peaceful and democratic means.

The hitch, of course, was that the Soviet economy was a deranged system that directed people and resources through state commands, threats, and the force of the Gulag (McFaul, 2002). Nonetheless, Gorbachev relentlessly strained to reform the organization, not through orders but using influence and pleas to truth and teamwork. Ronald Reagan, in support of United Kingdom, dared Gorbachev who at the time was the secretary of the Communist Party of the Soviet Union, a major participant in the cold war.

Reagan believed that communist democratic system was going to split down as a symbol of Gorbachev desire to increase unrestrained freedom in the Eastern bloc of Germany restructuring and transparency processes. Thatcherism asserts to promote low inflation, the slight state and free markets through strong control of the money supply, privatization and constraints on the labor movement (Blundell, 2008). It is frequently associated with Reaganomics, which implemented policies founded on supply-side finances and encouraged a traditional liberal and laissez-faire viewpoint, in search of stimulating the economy with large, across-the-board tax cuts.

Gorbachev also initiated capitalism through the laissez faire ideology. This was a major reason for the fall of communism in Russia. The inflexibilities and deceits of the Soviet economic and political organization demonstrated to be fundamentally resistant to change, ending in the comprehensive fall of the Soviet government and economy in 1991. Capitalism backs democracy in that it takes very slight upkeep from the government for a capitalist economy to work. Capitalism undermines democracy since wealth in a capitalistic culture ultimately converts to be much lop-sided, and this culminates to a vast gap among the proletariat and the bourgeoisies.

This result to the entire democratic developments being tainted by money added in the political course and the effect that money has on the politicians. Democracy and socials, on the other hand, have a curious relationship. Both of these traditions are rooted in the philosophical concept of equality (Duberstein, 2006). However, different characteristics of equality are emphasized. Democracy relates to political equality and socialism relates to material equality. From all these relationships, a deep analysis of Vaclav and Gorbachev depict the latter in their type of ideologies.

Equity as a nature of democracy and capitalism was portrayed in Thatcher’s government, and she introduced various political as well as economic initiatives intended to reverse high unemployment rates and the Britain’s fights in the rise of winter of dissatisfaction and on-going downturn. Margret Thatcher’s political view and economic policies emphasized the deregulation specifically on the financial