REALISTICALLY, the phrase “conservative capitalism” is an oxymoron because, as defined separately, the two terms operate under opposite rules. Capitalism, concerned with the dynamic forces of the market must, by its very nature, continually move forward. Conservatism, on the other hand, concentrates on holding on to remnants of the tried and proven past. In an economic sense, capitalism from the perspective of the right is oriented toward a completely free market that furthers the interests of capitalists over the rights of the working class. The fact that the system results in inherent inequalities is taken for granted. The pure conservative believes in the “trickle down” theory of economics that, in the 1980s, formed the basis of Ronald Reagan's economic policy in the United States, as ...

  • Loading...
locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles