conservatism and the economy Flashcards
what do all conservatives agree on?
capitalism and property rights
traditional conservatives on capitalism and property rights
Burke: ‘The power of perpetuating our property in our families is one of the most valuable and interesting circumstances belonging to it, and that which tends the most to the perpetuation of society itself.’
hobbes:
neo liberals on property rights
neoliberals emphasise privatisation and ownership of property rights (natural hierarchy) thatcher introduced the right to buy scheme to discourage dependency culture by allowing council house tenants to buy their homes
one nation conservatives on capitalism and property rights
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disagree- states role in the economy
states role
neo liberals on states role
nozick described tax at “forced labour” and ayn rand objectivism suggests humans are atomistic. the state should not impose on taxation to fund welfare, “i will never live for the sake of another man”
one nation on states role
one nation paternalism. keynesian mixed economics which would ensure full employment and a more active role of the state in the economy. mix of public and private sectors
oakeshott believed in the importance of the state to create order and stability where the free market is volatile and unpredictable
neo liberals on economy.
ayn rand- free market is acceptable and a natural condition for human nature. atlas shrugged. “full pure uncontrolled unregulated lassiez faire economy”
disagree
nature of economy
one nation on nature of economy
one nation and neo. ons agree and support the existence of a natural hierarchy which affects the structure of the economy.
but in an unequal economy, those at the top should support the poor (noblesse oblige)
neo libs on the nature of the economy
natural economic hierarchy but with no obligation to distribute wealth through tax. thatcher. “there is no such thing as society, only individuals and their families”