The Old World’s Old and New Parties

... Old and New Capitalism Photo: Margaret Thatcher - Prime Minister of the United Kingdom (1979–1990). Leader of the Conservative Party) While the capitalist system was just forming and developing, this traditional division was unchallenged. The right-wingers were represented by conservative liberal and political clericalist forces that defended the interests of the wealthy, and worked solely to strengthen traditions or cautiously reform existing structures while adhering unconditionally to the ...