To what extent do conservatives agree on the economy? (80:20 – largely disagree) Flashcards
(33 cards)
What do neoliberals strongly support?
Neoliberals strongly support free-market capitalism and minimal state interference.
What do neoliberal conservatives believe regarding the market?
Neoliberal conservatives believe in a self-regulating market, minimal state involvement, and individual economic responsibility.
What economic principles do neoliberals argue create wealth?
Neoliberals argue that wealth is best created through supply-side economics, deregulation, privatisation, and low taxation.
What is the neoliberal view on state welfare?
Neoliberals believe state welfare discourages work, weakens competition, and fosters a dependency culture.
What role should the state play according to neoliberals?
The state should act as a ‘night-watchman’ to enforce contracts and protect private property.
Who is a key thinker associated with neoliberalism?
Ayn Rand promoted free-market capitalism as the only moral system based on rational self-interest.
What is Ayn Rand’s view on state welfare and taxation?
Ayn Rand believed state welfare was immoral and saw taxation as theft.
How do One Nation conservatives differ from neoliberals?
One Nation conservatives accept capitalism but believe the state must intervene to prevent social instability.
What type of economy do One Nation conservatives support?
One Nation conservatives support a mixed economy with welfare provision and some regulation.
What is the guiding principle for One Nation conservatives in economic decisions?
Economic decisions are guided by pragmatism—what works to maintain order and protect the vulnerable.
Who is a key thinker associated with One Nation conservatism?
Disraeli warned against the divide between ‘two nations’ of rich and poor.
What did Disraeli believe regarding state intervention?
Disraeli believed state intervention was morally and socially necessary to preserve national unity.
What is the major fault line between neoliberals and One Nation conservatives?
Neoliberals promote economic freedom above all, while One Nation conservatives are willing to restrict the market to preserve social order.
What do traditional conservatives reject in terms of economics?
Traditional conservatives reject neoliberal economics, favouring economic order through tradition and stability.
How do traditional conservatives view capitalism?
They support capitalism pragmatically, defending property and markets while being suspicious of unrestrained economic change.
What do traditional conservatives believe about rapid market liberalisation?
They believe it can destroy communities, undermine tradition, and erode national stability.
What is the economic approach of traditional conservatives rooted in?
Their approach is rooted in pragmatism and organic society; if free markets threaten cohesion, they must be curbed.
Who is a key thinker associated with traditional conservatism?
Edmund Burke supported free trade but believed the economy must be rooted in tradition and experience, not radical upheaval.
How do traditional conservatives believe economic changes should occur?
Economic changes should be evolutionary, not revolutionary.
How do neoliberals view economic disruption?
Neoliberals actively celebrate economic disruption as a form of creative destruction that unleashes innovation and growth.
What do neoliberals support that traditional conservatives are wary of?
Neoliberals support globalisation, deregulation, and individual competition, even if these undermine traditional communities or cause short-term instability.
Who is a key thinker associated with neoliberalism?
Friedrich Hayek feared state planning more than inequality and believed markets produced spontaneous order.
What is the fundamental disagreement between traditional conservatives and neoliberals?
Traditional conservatives see the economy as a tool to preserve order, while neoliberals see it as an engine of liberty.
What do all conservatives agree on?
All conservatives agree on the importance of private property and resisting socialist redistribution.