For more clarification...
I see a lot of people equating conservatism with Neo-Liberal, Thatcherite economics. This is a very recent development in the history of conservatism and represents only one branch of conservative economics. It is by no means a representation of all mainstream conservative capitalism, but has unfortunately become the one we are most familiar with since it came into force in the 1970s. I will list some basic examples:
Red Tory - Wikipedia
Paternalistic conservatism - Wikipedia
Progressive conservatism - Wikipedia
Liberal conservatism - Wikipedia
These in themselves have many outgrowths.
Modern political parties are odd compared to the Victorian ones of Disraeli or even the early 20th century, when compromise was common and seen as necessary. Whilst we may conceptualise Whigs and Tories in the same way we see Labour and Tories, they were not the same. Political parties were not the coherent, static groups we see today - they were entanglements of people who vaguely agreed with each other but had no underlying principle. Thus we see the Whigs changing from pro to anti imperialist stances within a few decades, iirc. Nowadays the groups are frozen and feel the need to stick rigidly to predefined ideologies that simply did not exist as rigidly as before.
This in mind, the modern conception of conservatism, Thatcherism, may be seen as a response to rising interest in socialism in an era where the Soviet Union still existed - thus the polarised parties; anything to do with socialism became abhorrent to many Western minds and thus unjustifiable. This has also led to problems such as no longer being able to have parties like Old Labour (socially conservative, fiscally left) or One-Nation or other such groups, because to the modern mind the idea of 'socially left, fiscally right' or the reverse makes little sense given we now put people in ideological boxes that don't allow for these kinds of nuances anymore, so you end up with consistently polarised parties that refuse to admit people with very different beliefs, when this never used to be the case.
Today, by many in the US, I may as well be some kind of socialist. I'm not, but such is the polarisation that in modern terms I may as well be.
This is the problem.