Conservatism: New Right Conservatism Flashcards
What crisis made new right conservatism come about in America?
Spiralling inflation
Mounting unemployment
Unsustainable welfare spending
Increased crime rates
A growing sense that society was becoming ungovernable
What did they new right think of traditional conservatism that was endorsed after the Second World War?
It was clear that they had endorsed Keynesian economics, state welfare and social liberalism. According to a new right, this caused a rapidly declining economy, a bloated welfare state and a permissive society
What prime ministers/president embodied Conservatives
Margaret Thatcher and Ronald Reagan
Arguments why Conservatism is compatible with capitalism…
-Capitalism is based on private property which capitalism supports
-capitalism generates inequality, which is natural and organic
-capitalism has been at the heart of economic activity for a long time and so aligns with tradition
-capitalism provides the ruling class with wealth that can then be used for paternalistic support for the less fortunate
Arguments why Conservatism is not compatible with capitalism…
-capitalism produces a meritocracy that challenges hereditary ruling classes
-capitalism looks to globalisation, undermining national identity
-capitalism is dynamic and volatile, threatening the stability conservatives crave
-capitalism is focused on individuals rather than communities that conservatism champions
What can the new right be seen as a merger of?
Neo-liberalism and neo-conservatism
What is the main aim of neo liberalism?
To extend individual freedom by ‘rolling back the frontiers’ in order to create a free market state.
What do Nozick and Rand advocate for?
They wanted to promote freedom and lead in the return of economic growth and a vibrant prosperous society
What do neo-liberals wish to see?
-drastic reduction in taxation
-much tighter control on government spending
-an end to the dependency culture arising from expensive welfare state
- the deregulation and privatisation of services
What was neo-conservatisms main objective?
The restoration of authority, national identity and a society formed around the judaeo Christian morality
What do neo-Conservatives wish to see?
-a tougher approach to law and order
-a more robust approach to national defense
-a less tolerant approach to immigration
-anti-permissive social policies
-traditional family structures
What was Rand’s key work?
Atlas Shrugged
What was the theme of atlas shrugged?
It’s idea was that talented individuals rather than ambitious governments lay at the heart of any society. Without the energy of such individuals, a society would quickly wither- no matter how much activity was expended by the government
What is objectivism as explained by Rand?
it’s core being that we should all be guided by self-interest and rational self fulfilment and therefore the idea of atomism. People should not act altruistically but instead to further their interests and to seek power or approval is deeply immoral
What is atomism?
society is defined by autonomous individuals - ideally, society doesn’t exist in a practical form but is just a loose collection of individuals