It has become a meaningless term because it is only used in a derogatory sense by the left to mean 'things that I disagree with'. In one instance a group opposed to both globalization and homosexual rights (One Nation) is labelled 'right wing', in the next instance a group committed to both globalisation and homosexual rights (Pim Fortuyn's List) is labelled as right wing.
The left has made the term 'right' synonymous with 'wrong'. Confused? Unfortunately so are they.
See