Debate - Is conservatism compatible with capitalism? Flashcards
Yes…
> Capitalism is based on private property, which historically conservatives support.
> Capitalism generates inequality, which conservatives defend as ‘natural’ and ‘organic’.
> Capitalism has been at the heart of economic activity for several centuries and therefore squares with conservatism’s support for tradition.
> Capitalism provides the ruling class with wealth that can then be used for paternalistic support for the less fortunate.
> New Right conservatism is keen to extend private property and market forces in the name of greater individual freedom.
No…
> Capitalism is often described as economic liberalism - it is focused on individuals rather than the communities that conservatism champions.
> Capitalism creates economic and social divisions that threaten ‘one nation’.
> Capitalism is dynamic and volatile, threatening the stability and continuity that conservatives crave.
> Capitalism tends towards globalisation, undermining the national identity conservatives value.
> Capitalism promotes a meritocracy that challenges hereditary ruling classes.
