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Right and Left literally is from the legislative assemblies of many republican political systems. Fundamentally the Right are the conservatives seeking to preserve the authoritarian classist status quo while the Left are the progressive liberals seeking a broader social/political equality, more civil liberties against arbritrary rule, etc. It used to be rooted in the position for/against monarchy back in the 19th.

It's not a very accurate way to categorize people by their positions as you got many Lefty people with highly conservative views and sensibilities while you also got libertarian-minded on the Right. Then neolibs confused it all... in a way they are fascistic by Mussolini's standards, while they are about social pluralism and ID politics. Ayn Rand was fircely anti-racist but also in favor of a big business upper caste running everything.