Right-wing politics
In modern times, "right-wing" is sometimes used to describe "laissez-faire" capitalism. In Europe, capitalists formed alliances with the Right during their conflicts with workers after 1848. In France, the Right's support of capitalism can be traced to the late-nineteenth century. The so-called neoliberal Right, popularised by US President Ronald Reagan and UK Prime Minister Margaret Thatcher, combines support for free markets, privatisation and deregulation with traditional right-wing support for social conformity. Right-wing libertarianism (sometimes known as libertarian conservatism or conservative libertarianism) supports a decentralised economy based on economic freedom and holds property rights, free markets and free trade to be the most important kinds of freedom. Russell Kirk believed that freedom and property rights were interlinked. Anthony Gregory has written that right-wing libertarianism "can refer to any number of varying and at times mutually exclusive political orientations". Gregory holds that the issue is neither right or left, but "whether a person sees the state as a major hazard or just another institution to be reformed and directed toward a political goal".
Vast right-wing conspiracy
After the release of a deposition Bill Clinton had given to the Independent Counsel in which he perjured himself, some conservatives began to adopt the VRWC phrasing ironically. In 2004, conservative lawyer Mark W. Smith wrote the "New York Times" Best Seller "Official Handbook of the Vast Right-Wing Conspiracy", which came with a "membership card" that made its owner an "official member of the VRWC." Similarly, a number of newspaper, magazine, and website articles have used the phrase to report on left-wing politics. Eugene Volokh's blog The Volokh Conspiracy is said to have derived its name from as a reference to the "Vast right-wing conspiracy" statement.