Right-wing politics
Although the right-wing originated with traditional conservatives, monarchists, and reactionaries, the term extreme right-wing has also been applied to movements including fascism, Nazism, and racial supremacy. From the 1830s to the 1880s, there was a shift in the Western world of social class structure and the economy, moving away from nobility and aristocracy towards capitalism. This general economic shift toward capitalism affected centre-right movements such as the British Conservative Party, which responded by becoming supportive of capitalism. In the United States, the Right includes both economic and social conservatives. In Europe, economic conservatives are usually considered liberal and the Right includes nationalists, nativist opposition to immigration, religious conservatives, and historically a significant presence of right-wing movements with anti-capitalist sentiments including conservatives and fascists who opposed what they saw as the selfishness and excessive materialism inherent in contemporary capitalism.
Conservative Party (UK)
The second main grouping in the Conservative Party is the "free-market wing" of economic liberals who achieved dominance after the election of Margaret Thatcher as party leader in 1975. Their goal was to reduce the role of the government in the economy and to this end they supported cuts in direct taxation, the privatisation of nationalised industries and a reduction in the size and scope of the welfare state. Supporters of the "free-market wing" have been labelled as "Thatcherites". The group has disparate views of social policy: Thatcher herself was socially conservative and a practising Anglican but the free-market wing in the Conservative Party harbour a range of social opinions from the civil libertarian views of Michael Portillo, Daniel Hannan, and David Davis to the traditional conservatism of former party leaders William Hague and Iain Duncan Smith. The Thatcherite wing is also associated with the concept of a "classless society".