I would distrust any political labels, whether applied to fellow travelers or political opposition.
“Liberal” is flung about as if “liberals” were irresponsible. However, those flinging this epithet without thought are rather liberal with giving power to corporations.
And those who call themselves “conservative” are more conserving power for corporations than being thoughtful about change. I haven’t studied Edmund Burke, but I wonder if he would approve of the actions of those who call themselves conservative today.
Maybe we should call them CONservatives because so many of them are con-men. “Con” being short for “confidence”, that is the con-man gains the confidence of his mark as he takes the mark's money (or in too many cases both money and votes)
See “The Betrayal of Fiscal Conservatism”, David Leonhard, New York Times, 2017-01-09.