Importance Of Classical Liberalism

The further development of industrialisation led to social and economic inequality. This led to a revision of classical liberal ideas to prevent the spread of ignorance and poverty. It is suggested that modern liberals have betrayed classical liberal ideas as they embrace collectivism and diverge from classical liberalism on issues such as freedom. However, it can be argued that modern liberals have simply built on classical liberal ideas such as its commitment to the individual.

The Classical Liberalist, would oppose any regulation on the economy. As they believe that those who are able to make money based on the principle of supply and demand already have helped the welfare of other in the process. Classical Liberalist’s understand inequality as an inevitable result of free competition, and actually see it as beneficial in the long run as capital is reinvested, to create new technology, employment and opportunities. If this capital were to be taxed heavily instead, many opportunities and jobs would be lost further adding to the inequality of wealth and opportunity for the poor.

One has to try as much as possible to try to preserve the rest of humankind from any evil that can happen to the other people. Neo-liberalism emphasizes that all being are equal and independent and no man is supposed to harm each other’s innocent life, health or possession as it recognizes all being as workmanship of on omnipotent (God). Moreover, no man that has the liberty to destroy himself and man should not have more than other hence encourage sharing such thing as power. For example, although people punish each other for transgressions, the offender has the right to seek forgiveness from the offended and can assist the offended to recover from the offended to make satisfaction for the harm he or she suffered. On the other hand, classic liberalism encourages the practice of individualism. For example, the essential feature of individualism from the elements provided by Christianity and the philosophy of classical antiquity was first completely developed during the Renaissance and from that time, it has grown and spread into what is today recognized as Western European civilization. Classic liberalism emphasizes on freedom and liberty hence encouraging men to develop their own individual gifts and bents. Whenever, small one man’s sphere is, he is encouraged to view and observe himself as supreme (Friedrich 7-14).

Typically, liberalism is categorised into two separate components; classical liberalism, which was fashioned during the 19th century as a result of the industrial revolution, and the more recent Modern Liberalism which emerged as industrialisation continued within the UK. Although both divisions of Liberalism unavoidably overlap in attitudes and approaches regarding the theory behind the ideology, I believe, fundamentally, that clear tensions between these aspects of Liberalism are more evident when analysing this ideology.

Liberalism is a major ideology in the world. Liberalism is changing at a constant rate as it is adapting to new views as the world is changing. Furthermore, the goal of the Liberalism is to ensure that “Liberal ideology is a commitment to the individual and the desire to construct a society… [Where] people can satisfy their interest and achieve fulfilment… Liberals [also] believe that human beings are, first and foremost, individuals” (Heywood 24). Liberals want to create a society in which people can achieve their goals, and where there are free to do what they please. That all individuals have the right to shape their future, and that each individual should have equal rights in both legal and political matters. There are two major types of

Typically Liberalism can be categorized into two different strands, Classical and Modern (yet some thinkers advocate a third strand that is referred to as Neo-Liberalism), each characterized by their differing and to some extent unavoidably overlapping attitudes regarding the theory behind the ideology and how it should be put into practice. Prior to examining how these relate to one another and before making any comparisons, it is important to give a definition, as best as possible, of Liberalism as a concept.

Classical liberalism allow an individual to use primary social value of liberty in the political culture that extent until liberties of the others disturbed. Classical liberal ideas often form the basis for opposition to the use of government to attain social and personal objectives. They stress reliance on private the free market to determine the best outcomes rather than the private initiatives [1].

During the period beginning at the end of WWII and the early 1980’s, there was period of liberalism throughout all aspects of American politics and culture. The liberalism during this era was referred to as rights liberalism, which was predicated on the idea that the state had the responsibility to protect individuals from discrimination. This directly deviates from the classical liberalism that was very common before the Progressive Era, which was based on the idea that liberty came from the government having a set role in society and never attempting to affect aspects of society it was never prescribed. Rights liberalism also deviated from the social welfare during the 1930’s in promoting the need for a more egalitarian society. This version

1) for example, social security, Medicare, and unemployment insurance. Another factor that spurred the growth and development of this “new” liberalism, and most likely the most rudimentary, was “a growing conviction that, so far from being ‘the guardian of every other right’ (Ely, 1992: 26), property rights generated an unjust inequality of power that led to a less-than-equal liberty (typically, ‘positive liberty’) for the working class” (Guide, pg. 10). This idea is closely related to American Liberalism today, in that it advocates civil and personal liberties with an indifference to private ownership. Another tenant of modern liberalism, taken from Rawls’ great work, “A Theory of Justice” published in 1971, “is that the ‘new liberalism’ has become focused on developing a theory of social justice” (Guide, pg. 10). This basic principle asserts that society should be structured so that social and economic inequalities give the greatest advantage to those who are the least well off. This works on the principle of reciprocity so that no social group advances at the cost of another. Liberals also believe that it is essential for the government to protect citizens from events such as environmental derogation as a consequence of “injustices and failures of free-market capitalism” (PowerPoints, Modern Liberalism, pg. 2). Modern liberalism believes that government protection and action is necessary in achieving equality and

The liberal perspective on political economy is embodied in the discipline of the Western economics (Gilpin, 1987). It emphasizes the individual interests, the freedom and the maximization of economic benefit. Economic

Classical liberalism is an ideology that is usually unfavorable to using authority of the state other than ensuring rights and liberties. Government and individuals agree to protect people’s rights and allow for maximum freedom. Laissez-faire focuses on the liberty of an individual and the lack of social equality. Laissez-faire capitalism is where people are unrestricted to invest in what the prices of services will be, what the produce will sell at. In a modern welfare-state capitalism has influenced our understanding of the terms of the social contract because they practice a system of mixed capitalist that have rules by the government for businesses and marketing.

This essay will assess the relationship between liberalism and conservatism by exploring the differences in ideological beliefs of these two ideologies. Ideology can be defined as “set of interrelated and more or less coherent ideas” that constitutes of both “descriptive and normative element” on how a society works (Heywood, 2007, pp. 6-7). One of the most popular ideology in contemporary politics is liberalism which accord individual liberty and free market as its primary priority. On the other hand, conservatism is generally known for advocating tradition, societal state and authority. Firstly, we will look at theories developed by liberalism and conservatism on creation of state. It would then be followed by liberalism’s notion of individuality and individual liberty versus conservatism’s emphasis on individual imperfectionism and need for society. Thereafter, we will observe liberalism and conservatism as political ideology and how it has evolved over time. The essay will be summed up by a conclusion in the end. The terms, liberalism and conservatism mentioned in this essay are intended to be synonymous to their traditional or classical thoughts and beliefs. Every argument presented in this essay are intended to support the claim that liberalism and conservatism are not compatible ideologies. By compatible, I meant being consistent without any disagreements.

Neo-liberalism is a political ideology that suggests that ‘human well-being can be advanced by the maximisation of entrepreneurial freedom, characterised by private property rights, individual liberty, free markets and free trade’ (Geografiskar, A 2006). In today’s modern society neo-liberalism is widespread around the globe with various stakeholders offering conflicting views. Some advocates, namely the capitalistic portion of society argue that a liberal market is

2. Classical liberalism says that the state should only take over an institution to ensure that citizens can freely benefit from that particular institution’s services. Classical liberalism does not require the thorough enforcing of law and order to reach economic progress and equality.

Liberalism was an important concept but it also lost some of its importance in order to emerge as a new form. In the today’s world hardly any one speaks for the freedom and democracy