Page "Conservatism" Paragraph 60

Founded in 1926 as the Conservative Party, Iceland's Independence Party adopted its current name in 1929.

From the beginning they have been the largest vote-winning party, averaging around 40 %.

They combine liberalism and conservatism, supporting nationalization and opposed to class conflict.

While mostly in opposition during the 1930s, they embraced economic liberalism, but accepted the welfare state after the war and participated in governments supportive of state intervention and protectionism.

Unlike other Scandanivian conservative ( and liberal ) parties, it has always had a large working-class following.