specifically : a historical process by which the semantic and connotative status of a word tends to decline
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American conservatives are also liberals. Liberalism is a center-right ideology.
Only in the US. Out here in the rest of the world you're deep into the right...
The cognitive dissonance is so rampant here. It's enough to just try to stay sane.
The origin of Liberal is as the alternative to Absolutist - basically a monarchist.
The concept of Liberalism is compatible with either right (laissez-faire) or left economic theories. The term generally isn't used this way today, but in reality just about all Western political parties are liberal.
I wouldn't say that - even fascists don't fetishize capitalism and their precious private property to the extent that liberals do.