To what extent are the views of One Nation conservatives on the economy
consistent with those of the New Right?
Intro:
Conservatism aims to conserve society in its existing form and conservatives are wary of
change. One nation conservatism has strong roots in traditional conservatism and it
emerged in response to development of laissez - faire capitalism. It carries beliefs in an
organic society and social obligation of those at the top of the hierarchy. The New Right
strand of Conservatism gathered momentum in the mid -70s as a rival to one nation
conservatism. It's an amalgamation of neo conservatism and neo liberalism and it fights
against the permissiveness of liberalism.
In terms of the economy, one nation and new right conservatives differ greatly on their
views. Both do prefer private enterprise but one - nation endorses limited interventionist
economic management techniques to maintain high employment levels, mixed economy of
private and public concerns and state welfare programmes, preventing social instability. In
contrast, New Right believes the state's role in the economy has to be reduced. Neo -
liberals in particular, call for a free market economy as it is the best mechanism to meet
consumer demands and generate prosperity.
Overall, they disagree to a greater extent than they agree, as one nation favours
'compassionate conservatism' whereas the new right regards government intervention in the
economy to be the most potent threat to the free market.
Point 1
They both favour private enterprise. If the economy prospers and wealth is created in
terms of property, then property owners develop a stake in society and will not rebel.
Evidence/examples Evaluation
- Burke agreed with the ideas of This therefore is an area of agreement
Adam Smith and advocated for free between one nation and the new right as
market economics as he believed it they both value …
was natural for people to desire for
great wealth, so free markets However one nation is concerned with the
should be left to operate. free market not ensuring decisions are
made with the best interest of the nation.
- In ideology, one nation
conservatives are also in favour of
private ownership. Harold
Macmillan firmly favoured private
ownership and when he was
housing minister in 1951 he
achieved his house building targets
by deregulating the industry and
promoting private construction.
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