Balanced Approach to Free Market: Initially supported a free-market economy but advocated limited regulation to prevent social unrest.
From the 1960s onward, have vacillated between state intervention and privatization. While favoring free-market principles, they are willing to intervene significantly during crises, exemplified by furlough programs during Covid-19.
Recent governments under this banner have adopted Keynesian measures during economic emergencies, demonstrating adaptability.