ConservativeHome's Dictionary

Zero-sum game

A social or economic situation where someone's gain is at the expense of another person.

Vigorous virtues

Virtues - like courage, ambition and creativity - that drive a society towards wealth creation and its own defence.

Anglosphere

The English-speaking nations who share a system of law, a commitment to free market economics and a proactive approach to the war on terror.

Bigger cake economics

Socialists see the economy in static terms and devote their minds to distributing a flat economic cake amongst competing interest groups. Free marketeers understand the dynamic nature of successful economies and focus their energies on expanding opportunities for the creation of jobs and wealth.

Greed

The greed of tycoons represents capitalism's unacceptable face. But greed can also characterise the public sector.

National independence

Britain depends upon other nations for much of its food, energy and military needs.

Smart growth

Patterns of economic growth that protect the diversity and quality of natural resources.

Tragedy of the commons

Natural resources that are not owned by anyone are open to be misused by everyone.

Tax churning

The wasteful process by which money is taken from taxpayers only to be returned to them later.

Targeted tax relief

Low taxation underpins job-creating economies and can be used to build strong and generous societies.