In classical liberalism, it advocates economic liberalism. In addition, it maintains that the market has the capacity to regulate itself and that only when the government allowes economic freedom, can it maximize its benefits. (Heywood 2012) If a country wants to reach real wealth, it should not work on its national wealth, but the common prosperity of its citizens. Classical liberalism argues that individual economy is superior to the state, emphasizing individual rights, private property. By the 1970 s, the liberal conservative ideology awakened after the economic recession, criticized the Keynesian financing economy and returned to the traditional free market theory. (Heywood 2012)They think that state intervention policy of modern liberalism, attempts to achieve economic equality, This inevitably endangers people’s equal opportunity and their right to compete freely, which will influence the improvement of productivity. Meanwhile, it is unfair for those who toil to feed the people living on social welfare. The neoconservatives return to the traditional value, and follow the economic liberalism of classical liberalism and continue to
In classical liberalism, it advocates economic liberalism. In addition, it maintains that the market has the capacity to regulate itself and that only when the government allowes economic freedom, can it maximize its benefits. (Heywood 2012) If a country wants to reach real wealth, it should not work on its national wealth, but the common prosperity of its citizens. Classical liberalism argues that individual economy is superior to the state, emphasizing individual rights, private property. By the 1970 s, the liberal conservative ideology awakened after the economic recession, criticized the Keynesian financing economy and returned to the traditional free market theory. (Heywood 2012)They think that state intervention policy of modern liberalism, attempts to achieve economic equality, This inevitably endangers people’s equal opportunity and their right to compete freely, which will influence the improvement of productivity. Meanwhile, it is unfair for those who toil to feed the people living on social welfare. The neoconservatives return to the traditional value, and follow the economic liberalism of classical liberalism and continue to