At least, that was the formula used by Ronald Reagan and Margaret Thatcher — javi2541997
They represented a departure from conservatism, and some conservatives doubt that they were conservative at all. Thatcher was a radical. She rocked the boat. The conservatives went along with it, because conservatism is adaptable and she was not threatening many of their interests, even though she was not really a friend of the aristocracy.
Conservatives created the first welfare state and were quite happy to go along with a mixed economy in the UK from the end of the Second World War until Thatcher.
Conservatism is not essentially pro-free-market, but this might be because it has little in the way of essence—it defends hierarchy and power, and that takes different forms. Traditionally, conservatives are pragmatic, not doctrinal.
Generally, what you are describing is the popular, very modern use of the term “conservatism”, but because it is also a political philosophy that’s a couple of centuries old, one which is still influential, it’s worth looking at that too. Vera’s questions pertain to the discrepancies between the two.
Someone mentioned Roger Scruton. He was one of the most prominent conservative philosophers until he died recently, following on from Michael Oakeshott and going back ultimately to Edmund Burke. I see this as the main conservative tradition and the modern use of the term as hopelessly confused. There must be a book about what has happened to conservatism in the past fifty years, and no doubt it’s a strange and interesting story. And unfortunately I can’t just say that what is referred to now as conservatism has absolutely nothing to do with conservatism—it’s more complicated than that.
The SEP article might help sort out some of the confusing uses of the word:
It is contested both what conservatism is, and what it could or ought to be—both among the public and politicians, and among the philosophers and political theorists that this article focuses on. Popularly, “conservative” is a generic term for “right-wing viewpoint occupying the political spectrum between liberalism and fascism”. Philosophical commentators offer a more distinctive characterisation. Many treat it as a standpoint that is sceptical of abstract reasoning in politics, and that appeals instead to living tradition, allowing for the possibility of limited political reform. On this view, conservatism is neither dogmatic reaction, nor the right-wing radicalism of Margaret Thatcher or contemporary American “neo-conservatives”. — Conservatism, SEP
On neoliberalism, libertarianism, etc:
Conservatism is popularly conflated with neo-conservatism and with libertarianism. But right libertarians and neo-conservatives, unlike Burkean conservatives, reject state planning for doctrinaire reasons. Making anti-planning into a principle, or economic liberalism into an ideology, offends the conservative’s pragmatic, sceptical temper, which could admit a role for state planning and economic intervention were such things shown to be effective. Conservatives reject ideologies, of which neo-liberalism is one. — Conservatism, SEP
For me, if there is a core of conservatism it’s a basic suspicion of Utopianism and of the idea of the “perfectibility of man”; a resultant pragmatic attitude to politics that aims to maintain a harmonious community in which change happens only slowly and organically on the basis of experience rather than on the basis of doctrines and principles. Of course, this is to represent it in its best light, according to its self-image, and I can also describe it differently: a pragmatic attitude to politics that aims to maintain traditional hierarchies and relations of power, which are regarded as natural. This last point is crucial I think: class and war and inequality are naturalized in conservatism, and particular social formations dehistoricized.