Classical Liberalism
- Created by: Besme
- Created on: 10-06-18 19:10
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- Classical Liberalism
- Older strand, politically advocates constitutional government based on consent and the rule of law.
- Economically, advocates laissez-faire, free-market capitalism and has been taken up by neo-liber conservatives
- View on freedom
- Believe in negative freedom - freedom from external interference of any sort, especially by government and state
- View the state as inherently oppressive, hence should be a necessary evil to safeguard law, order and security
- Advocates by Locke's ''nightwatchman state'
- View on economy
- Laissez-faire (means leave alone)
- E.g free-market, pirvate enterprise capitalism and the absolute right of individual to enter and succeed or fail in the market
- The economy is controlled by forces of supply and demand, as economic inequality should be an incentvoe tp enterprice
- Laissez-faire (means leave alone)
- Older strand, politically advocates constitutional government based on consent and the rule of law.
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