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Brian - no you have it the wrong way round.
The socialist way is Big Bossy Government with high taxes and high spending and state ownership. We have seen this with the records of every Labour government right from their mad nationalisation spree in 1945 right through to the Brown/Blair disaster.
The Conservative way traditionally has been low taxes, low spending and keeping out of people's lives. Other evidence of the Conservative 'power to the people' in action is privatisation and encouraging people to get shares in their own and other companies, right to buy so people can own their own home and so on. Mrs T did respond to some of the challenges of 1979 in centralising power over local government with capping and ring fencing but that aspect was an abberation and a way of dealing with the problem of the time.
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