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".
Conservatism
The meaning of "conservatism" in the United States has little in common with the way the word is used elsewhere. As Ribuffo (2011) notes, "what Americans now call conservatism much of the world calls liberalism or neoliberalism". Since the 1950s, conservatism in the United States has been chiefly associated with the Republican Party. However, during the era of segregation many Southern Democrats were conservatives and they played a key role in the Conservative coalition that largely controlled domestic policy in Congress from 1937 to 1963, The Conservative Democrats continued to have influence in the U.S. politics until 1994's Republican Revolution, when the American South shifted from solid Democrat to solid Republican, while maintaining its conservative values.