Defining Conservatism

Ronald Reagan, 1976:

Let our banner proclaim our belief in a free market as the greatest provider for the people.

Let us also call for an end to the nit-picking, the harassment and over-regulation of business and industry which restricts expansion and our ability to compete in world markets.

Let us explore ways to ward off socialism, not by increasing government’s coercive power, but by increasing participation by the people in the ownership of our industrial machine.

Our banner must recognize the responsibility of government to protect the law-abiding, holding those who commit misdeeds personally accountable.

And we must make it plain to international adventurers that our love of peace stops short of “peace at any price.” We will maintain whatever level of strength is necessary to preserve our free way of life.

A political party cannot be all things to all people. It must represent certain fundamental beliefs which must not be compromised to political expediency, or simply to swell its numbers.

I do not believe I have proposed anything that is contrary to what has been considered Republican principle. It is at the same time the very basis of conservatism. It is time to reassert that principle and raise it to full view. And if there are those who cannot subscribe to these principles, then let them go their way.