There are key differences between classical and the new defined modern liberalism. In classical liberalism, the people are more important than the state. People have their own rights and the sole purpose of government is to protect and enforce that. Individuals are capable of making their own decisions which makes them capable of autonomy. One of the big differences is the outlook on economy. Economic inequality is great, it encourages those at the bottom of the economy to work harder which is the fuel of our economy. That encourages immigrants with nothing to get to the top of the economy. Classical liberalism also encourages the economic freedom to freely sell services. Modern liberalism looks at economics from a social point of view. There should be welfare to help those with lower incomes, that way there is more equality in the social workforce. Their views on government are that it should be involved with individuals and social life to prevent people from denying freedom to others. Modern liberalism looks at liberty from a broader view. It seeks out ways to hone human potentials and contribute to the society.
Socialism’s approach to government may be seen as the
References: Grigsby, E. (2012). Analyzing Politics. New Mexico: Suzanne Jeans.