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".
Progressive Conservative Party of Newfoundland and Labrador
The Progressive Conservative Party is a political party which is made up of two dominate factions; social democrats and fiscal conservatives. The leadership of the party has tended to be dominated by centrists or proponents of the Third Way throughout the party's history. Party leaders Brian Peckford, Tom Rideout, and Lynn Verge were all seen as being part of the Red Tory base of the party, while their main challengers in at the leadership conventions, Bill Doody, Len Simms, and Loyola Sullivan, were considered to be further to the right. Danny Williams has stated that he considers the PC Party to be a grouping of Red Tories whose social and fiscal viewpoints are softer than those of the federal Conservative Party that was formed in 2003.