Neoliberalism, A Very Short Introduction Essay

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.

Liberalism, in general, was an ideological movement that emerged out of the ideas of the Enlightenment and the Industrial Revolution in the early 19th century. It embraced the ideas of individualism which were established in the Renaissance and Reformation era. The Renaissance period sparked a belief in the importance of the individual in society. It helped promote the beliefs of classical liberalism which gradually formed into the liberal ideology of the 19th century. Individuals that were waiting to get their individual rights and freedoms were allowed to finally gain liberty and power through this period of time. Classical liberalism developed

Neo-liberalism is associated with economic liberalism whose campaign support provides economic liberations, free trade and open markets, privatization, deregulation and promoting the role of private institutions present in new society. Classic liberalism criticizes the neo-liberalism objective of introducing liberalization to bring about gradual increase of wealth and freedom among nations, however, classic liberalism explains that instead of realization of wealth and freedom, liberalization resulted to constant fight proposals that threatened the progress of achieving wealth and freedom among nations. Neo-liberalism aimed to prevent and control monopoly situations such that if there are no bodies

During the Industrial revolution many people started to believe in the idea of Liberalism. At times it was difficult. People were imprisoned or persecuted because of their ideas. Riots even occurred because the government and some of the upper class would not stand for the Liberalists’ new ways to improve society. Aristocrats refused to change their ways. But through it all, liberalists persevered and brought about one of the largest changes in society that we are still experiencing even today.

Laissez-faire ideas were considered liberal during the 1920s, but the coming of the Great Depression in 1929 altered the American view of liberalism.

Except for the British Labor Party, the vehicles of the new postwar policies were not, as might have been expected, the democratic socialist parties.

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.

wanted to establish a liberal globe. Liberalism is not what one may know today. Currently, the

Liberalism is a collection of political, social and economic philosophies that is centered around the rights of personal liberties, civil rights, economic freedom, controlled and democratic government and the rule of law. A controlled and democratic government is instrumental to liberalism. A controlled government is one restricted by the law. The most common example of this can be found in the United States Constitution. The Constitution has outlined the roles and restrictions of each branch of government while also setting a system of checks and balances.

victory for liberalism. In a general sense, the conservative goals of this period justified the Liberal reforms enacted by

In Tony Blair’s Socialist Manifesto (1994), he reinvents the idea of “social-ism” in order to “fit the ideology to the world” since the economic and social interests of people are constantly evolving. After World War II, the economy became a lot more global, the service industry grew and there has been an increase in human rights movements as the public have been less progressive. Aligned with the ideas of “socialism”, Blair supports a concept called the “Third Way” which is based on the idea of combining center-right economics and center-left social policies (“The Third Way”, n.d).The idea was developed by Anthony Giddens, the sociologist and director of the London School of Economics, he argued that the reformist governments could no longer rely only on the ideas of complete social and economic state control in the face of the forces and finances of globalization. Therefore, Giddens proposed an idea that would support center policies, but also remain committed to radical measures. Blair refers to the third way as his version of “socialism” which is in favor of economic growth and entrepreneurship as well greater state intervention to improve social justice and equality among civilians (“UK Politics: What is the Third Way,” n.d.). Using the ideas of the third way, Blair reformed the Labour Party and their ideas. Under his leadership, the Labour Party became the New Labour Party with a

Nationalism was strongly endorsed by the middle class, including intellectuals, professors, students and journalists. These groups of middle class professionals were also the driving force behind the liberal

The late U.S. President Franklin Roosevelt himself defined liberalism as the ‘saving grace for the far-sighted conservative,’ and also ‘reform what you want to preserve.’

(B. Kamiński 225). However, the package was met with a flurry of criticism from prominent economists and journalists. Echoing the key principles of neoliberalism, the economist Tomasz Jeziorański argued that the principal weakness of the package consisted in granting the full responsibility for economic performance to the central administration. The free enterprise characterized by responsibility and autonomy, he insisted, was incompatible with economic coercion by the state (B. Kamiński 226). As a consequence of protests of similar nature, the government eventually withdrew the package in question from further consideration.

Agreements on International Public Policy have never been as abundant as in the last century. In the meantime, Globalisation has become a major phenomenon around the world, at various levels. So, it will be interesting to know if globalisation makes agreements on International Public Policy easier or harder.