A philosophy is a complicated detailed system of ideas about human nature and the reality of the world which the humans have inhibited. Philosophy provides guidelines for living and discusses basic issues. Philosophy raises the deepest and widest questions in human mind. "There …show more content…
Liberalism has many strategies for the growth of economy. In early ages liberalism dealt with economy by decreasing government involvement in economic matters and did not imply any restrictions on manufacturing, commerce, tariffs and trade. The best way for a nation's economy to develop was through free trade. The policies were very liberal with out any control. These strategies encourage free enterprise, competition and provided great profits. In later times economic liberalism was revived and neo-liberalism was developed. This new liberalism keeps the role of the state less dominant and discourages government intervention into economic, financial and social affairs. We have all heard about Globalization. Globalization is driven by the liberal ideology. Globalization removes borders and barriers between nations for market to grow tremendously. Globalization expands free-market and private ownership and provides greater economic efficiency. Deregulation, privatization and the no border restrictions provides vast ground for corporations to grow rapidly in size and influence. Corporations are now the most productive economic units in the world.7 Liberal ideology provides several measurement for the betterment of economical growth and these are removing price controls, unregulated market , cutting public expenditure for social services, reducing safety-net for various public services, reducing government's role, reducing government regulation that will reduce profits, complete privatization in every field, selling state-owned enterprises, eliminating publics welfare and communities benefits, promoting individual responsibility, making the poor more independent and self reliant, Independence of individuals, encouraging foreign investment and liberalizing on mass levels. Many business and political leaders in the United States and other