Well the original conservative liberal divide was whether you supported the french revolution or preferred the gradual change of england. That was really it, conserve institutions and gradually change over many decades or have a revolution and install democracy immediately. The US founding fathers were all fully in the liberal camp, obviously.
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Yes, the centrist position in the US is some people have to starve and die in order to keep minimum wage workers motivated to keep working. The left right divids in US Congress is over how many exactly should starve and die.