Of course, in the UK the Liberal Party was created essentially by supporters of the free market - as opposed to the Conservatives, who in general were not.   

It reminds me strongly of an explanation in '1066 and all that' concerning the Irish and Scots:

"The Scots (originally Irish, but by now Scotch) were at
this time inhabiting Ireland, having driven the Irish
(Picts) out of Scotland; while the Picts (originally
Scots) were now Irish (living in brackets) and vice
versa. It is essential to keep these distinctions clearly
in mind (and verce visa). "