In New Zealand, as in Australia, it was the Labour Party that initially adopted "New Right" economic policies. "Rogernomics" involved monetarist approaches to controlling inflation, corporatisation of government departments, and the removal of tariffs and subsidies, while the party also pursued social liberal stances such as decriminalisation of male homosexuality, pay equity for women and adopting a nuclear-free policy. This meant temporary realignment within New Zealand politics, as "New Right" middle-class voters voted Labour at the 1987 New Zealand general election in approval of its economic policies. At first, Labour corporatised many former government departments and state assets, then emulated the Conservative Thatcher administration and privatised them altogether during Labour's second term of office. However, recession and privatisation together led to increasing strains within the Labour Party, which led to schism, and the exit of Jim Anderton and his NewLabour Party, which later formed part of the Alliance Party with the Greens and other opponents of New Right economics.