Traditional conservatism supports individualism, private property, nationalism, paternalism and traditional values and institutions while opposing radical change and believing in organic societies. One Nation conservatism is more progressive, emphasizing unity between classes and the importance of a social safety net to deal with poverty through limited redistribution and government market regulation. Thatcherism accepts the need for radical change, prioritizing free markets, privatization, reduced trade union power, lower taxes, law and order, nationalism and traditional moral values.

1. Conservatism Traditional Conservatism, One Nation & Thatcherism – key ideas

2. Traditional conservatism Opposition to ideologies & fixed principles Support for individualism & private property Nationalism Paternalism Support for traditional values & institutions Opposition to radical change Belief in organic society

3. One nation conservatism More progressive Emphasis on unity between the classes Revived by post war election defeat – Beveridge, Keynesian methods, importance of safety net to deal with poverty Limited redistribution of income & wealth Paternalistic commitment to caring for members of society Government intervention to regulate markets

4. Thatcherism Acceptance of the need for radical political change Restoration of the free market Privatisation Reduction in power of trade unions Monetarism Reduction in taxation “ Roll back the frontiers of the state “ Share ownership Emphasis on law & order Nationalism & suspicion of European integration Restoration of traditional moral & family values