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In American political theory, fiscal conservatism or economic conservatism [1] is a political and economic philosophy regarding fiscal policy and fiscal responsibility with an ideological basis in capitalism, individualism, limited government, and laissez-faire economics.
During the Great Depression, small government conservatism became less popular, and Franklin D. Roosevelt formed the New Deal coalition. The Democratic Party at this time expanded on the reformist beliefs of progressivism, establishing social liberalism and welfare capitalism as the predominant liberal ideology in the United States.
Finance capitalism or financial capitalism is the subordination of processes of production to the accumulation of money profits in a financial system. [6]Financial capitalism is thus a form of capitalism where the intermediation of saving to investment becomes a dominant function in the economy, with wider implications for the political process and social evolution. [7]
Conservatives generally support a strong policy of law and order to control crime, including long jail terms for repeat offenders. Most support the death penalty for particularly egregious crimes. Conservatives often oppose criminal justice reform, including efforts to combat racial profiling, police brutality, mass incarceration, and the War ...
In an attempt to defend the Department of Government Efficiency's controversial moves, Elon Musk is likening the aggressive government overhaul to a Clinton-era task force that oversaw a shrinking ...
One interesting result Eysenck noted in his 1956 work was that in the United States and the United Kingdom, most of the political variance was subsumed by the left/right axis, while in France the T-axis was larger and in the Middle East the only dimension to be found was the T-axis: "Among mid-Eastern Arabs it has been found that while the ...
An alternate definition is that state capitalism is a close relationship between the government and private capitalism such as one in which the private capitalists produce for a guaranteed market. An example of this would be the military–industrial complex in which autonomous entrepreneurial firms produce for lucrative government contracts ...
Between 1974 and 1978, studies showed that political ideology had a very weak correlation with support for abortion rights. The correlation between political party identification and support for abortion rights was even weaker. [69] Mary Louise Smith, the chairwoman of the Republican National Committee from 1974 to 1977, was pro-abortion rights ...