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Paper #102149 :: The Failings of Conservative Economic Philosophy
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A critique of conservative economic ideology.

Written in 2008; 950 words; 1 source; APA; $ 33.95

Paper Summary:

This paper criticizes conservative economic ideology. The paper explains that this economic philosophy, founded on the principles of free market competition and individual economic rights, was established by the wealthy elite in the early evolution of the US as a means to define economy as an extension of the natural inclination of intellectual, social and political divisions. Such an approach would ultimately become known as capitalism. The paper further explains that in the 19th century, however, conservatism was primarily a southern phenomenon, which defended the traditional ways of life based on the plantation system and slavery. The paper maintains that, while it is difficult to say that the core ideologies informing this purpose have changed, the push of progress has forced the conservative ideology to adapt within the country's altered mores. Likewise, in the 20th century, conservatism would seek to define itself in contrast to fascism. The paper comes to the conclusion that one of the ideology's major stumbling blocks is its hypocrisy, harboring a central authority which espouses an economic system of total withdrawal from public assistance while imposing a stringent legislative code of moral order.

From the Paper:

"This is today a philosophy that is manifesting in grave economic conditions in the United States. The ideology which argues that there are inherent separations in class, ability and potential--an extension of the free-market competition appendage of capitalism--is essentially a conservative propagation designed to maintain the status quo. The conservative economic philosophy is one which, by no coincidence to its underlying belief in a hegemonic centricity to shaping moral order, espouses a general approach of resistance to change. As Strauss points out, individual enlightenment should be seen as the path to a breakdown of society's moral fabric. However, the moral fabric, woven as it is by those with the greatest financial stake in its maintenance, can hardly be viewed as conforming to the ethical standards held by those at the bottom of its inbuilt hierarchy."

Tags: free market, capitalism elite slavery

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