A conservative view of government that seeks to strengthen – rather than control or neglect – the free institutions of commerce and civil society.
In the 2003 Swinton Lecture, Oliver Letwin coined the idea of ‘foundationalist conservatism’.
‘Foundationalism’ is never going to catch on as an election-winning catchphrase but, for Mr Letwin, it describes a way of governing that seeks to reinforce the strengths of the economy and society - and not supplant them.
It’s a middle way between a controlling, suffocating government and an indifferent, neglectful government. In the 1980s British and American conservatives stopped trying to run industry and sought instead to nourish the ‘foundations’ of the market economy – including property rights, low inflation and a favourable tax and regulatory climate.
Today, in delivering better public services and a stronger society, conservatives believe, says Letwin:
“in the ability of the state to do good on a sustainable basis only when it reinforces the relationships and instincts of civil society, community, firm, family, individual.”
ConservativeHome's Dictionary: "Foundationalism or foundationalist conservatism"
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