There's consequences to mercantilism. For starters, the best products may no longer win. Justifying anything by "best product won due to consumer choice" will be a laughable reason. Justifying respect for founders and CEOs as intelligent or better isn't possible. A successful founder or CEO is just better at sucking up or whatever it takes to be blessed by authority.
There's some consequences to this reversal to conservatism as well. How can any thinking man believe a justification from principles now? They're reversible. Conservatives lose any kind of intellectual high ground, even in retrospect. Are they reasoning from principles now or were they doing it then? Can't tell.