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".
Conservative wave
According to Roberto Schwarz, the left has historically had cultural hegemony. It can be considered its peak in the 1990s, a period that coincides with the beginning of the left turn in Latin America). In his essay "Culture and Politics in Brazil (1964-1969)", literary critic and professor Roberto Schwarz already observed the phenomenon. In full military regime, he writes:
Schwarz feared that the left would lose its cultural hegemony after the hardening of the military regime, but that did not happen. With the return of democracy, the left's cultural and intellectual hegemony was still enormous. In his work entitled "Literature" (1988), sociologist and writer Antonio Candido already observed the phenomenon. It was rare to find any politician or entrepreneur who risked defining himself as conservative as they were all "invariably centered, even center-left, including the frankly reactionary".