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".
Right-wing authoritarianism
According to Karen Stenner, an Australian professor who specializes in authoritarianism, says it is different from conservatism because authoritarianism reflects aversion to difference across space (i.e. diversity of people and beliefs at any given moment), while conservatism reflects aversion to difference over time (i.e. change). Stenner argues that conservatives will embrace racial diversity, civil liberties and moral freedom to the extent they are already institutionalized authoritatively-supported traditions and are therefore supportive of social stability. Conservatives tend to be drawn to authoritarianism when public opinion is fractious and there is a loss of confidence in public institutions, but in general they value stability and certainty over increased uniformity. However, Stenner says that authoritarians also want difference restricted even when so doing would require significant social change and instability.