To what extent do conservatives agree on the economy? (80:20 – largely disagree) Flashcards

(33 cards)

1
Q

What do neoliberals strongly support?

A

Neoliberals strongly support free-market capitalism and minimal state interference.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What do neoliberal conservatives believe regarding the market?

A

Neoliberal conservatives believe in a self-regulating market, minimal state involvement, and individual economic responsibility.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What economic principles do neoliberals argue create wealth?

A

Neoliberals argue that wealth is best created through supply-side economics, deregulation, privatisation, and low taxation.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What is the neoliberal view on state welfare?

A

Neoliberals believe state welfare discourages work, weakens competition, and fosters a dependency culture.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What role should the state play according to neoliberals?

A

The state should act as a ‘night-watchman’ to enforce contracts and protect private property.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Who is a key thinker associated with neoliberalism?

A

Ayn Rand promoted free-market capitalism as the only moral system based on rational self-interest.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What is Ayn Rand’s view on state welfare and taxation?

A

Ayn Rand believed state welfare was immoral and saw taxation as theft.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

How do One Nation conservatives differ from neoliberals?

A

One Nation conservatives accept capitalism but believe the state must intervene to prevent social instability.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What type of economy do One Nation conservatives support?

A

One Nation conservatives support a mixed economy with welfare provision and some regulation.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

What is the guiding principle for One Nation conservatives in economic decisions?

A

Economic decisions are guided by pragmatism—what works to maintain order and protect the vulnerable.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Who is a key thinker associated with One Nation conservatism?

A

Disraeli warned against the divide between ‘two nations’ of rich and poor.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

What did Disraeli believe regarding state intervention?

A

Disraeli believed state intervention was morally and socially necessary to preserve national unity.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What is the major fault line between neoliberals and One Nation conservatives?

A

Neoliberals promote economic freedom above all, while One Nation conservatives are willing to restrict the market to preserve social order.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

What do traditional conservatives reject in terms of economics?

A

Traditional conservatives reject neoliberal economics, favouring economic order through tradition and stability.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

How do traditional conservatives view capitalism?

A

They support capitalism pragmatically, defending property and markets while being suspicious of unrestrained economic change.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

What do traditional conservatives believe about rapid market liberalisation?

A

They believe it can destroy communities, undermine tradition, and erode national stability.

17
Q

What is the economic approach of traditional conservatives rooted in?

A

Their approach is rooted in pragmatism and organic society; if free markets threaten cohesion, they must be curbed.

18
Q

Who is a key thinker associated with traditional conservatism?

A

Edmund Burke supported free trade but believed the economy must be rooted in tradition and experience, not radical upheaval.

19
Q

How do traditional conservatives believe economic changes should occur?

A

Economic changes should be evolutionary, not revolutionary.

20
Q

How do neoliberals view economic disruption?

A

Neoliberals actively celebrate economic disruption as a form of creative destruction that unleashes innovation and growth.

21
Q

What do neoliberals support that traditional conservatives are wary of?

A

Neoliberals support globalisation, deregulation, and individual competition, even if these undermine traditional communities or cause short-term instability.

22
Q

Who is a key thinker associated with neoliberalism?

A

Friedrich Hayek feared state planning more than inequality and believed markets produced spontaneous order.

23
Q

What is the fundamental disagreement between traditional conservatives and neoliberals?

A

Traditional conservatives see the economy as a tool to preserve order, while neoliberals see it as an engine of liberty.

24
Q

What do all conservatives agree on?

A

All conservatives agree on the importance of private property and resisting socialist redistribution.

25
What is the area of agreement among conservatives?
Despite differences in economic intervention, all conservatives agree on the value of private property, individual ownership, and the danger of socialism.
26
How do neoliberals view private property?
Neoliberals see private property as a natural right and the basis of personal freedom and responsibility.
27
Why is property important for individuals according to neoliberals?
Property allows individuals to be independent from the state; any redistribution of wealth through tax or welfare is seen as morally wrong and economically damaging.
28
What did Robert Nozick say about taxation?
Robert Nozick called taxation 'legalised theft,' believing people are entitled to the fruits of their own labour under the principle of self-ownership.
29
How do One Nation and Traditional conservatives view private property?
One Nation and Traditional conservatives defend private property as a source of stability and social order, not just freedom.
30
What is the view of property ownership according to One Nation and Traditional conservatives?
Property ownership gives people a stake in society and encourages responsibility and respect for tradition; redistribution creates resentment and disrupts natural hierarchy.
31
What did Burke believe about property?
Burke believed property links generations and provides psychological security.
32
What was Disraeli's view on property?
Disraeli saw property as key to preserving national unity.
33
What is the conclusion regarding conservatives' views on private property?
While they disagree on how markets should operate, conservatives across the board see private property as essential to a free and stable society.