Absolutism is a Mental Disorder, roughly akin to Delusion.
True free-market conservativism has drastically increased the standard of living around the globe.
Corrected.
Semi-free-market Capitalism since the 1970's has drastically increased the standard of living for 2nd World nations like China, Vietnam, Poland, Russia, etc. etc. it has also somewhat increased the standard of living for many 3rd -World nations like Mexico, India, Brazil, Indonesia etc. etc.
However, the standard of living has actually arguably decreased since the 1970's in many 1st World nations, like the U.S.A, Switzerland, Germany, Britain etc. etc.
The reason for this is freedom of movement of labor in the name of cheap labor profits, to move American, and Western European jobs mostly into the rather well educated, but rather modestly paid 2nd World nations, or to a lesser extent into the mostly poor educated, and poorly paid 3rd World nations.