The laws governing a country give the right to every person to live as they wish. However, how we view people and how they behave is termed liberalism. In this post, we will look at how Classical Liberalism Differ From Modern Liberalism. Keep reading to find out more.
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What Is Classical Liberalism?
Classical liberalism is basically the combination of civil liberty, political freedom, and economic freedom. They have the view that the government should not control the freedom of people and that, people should be allowed to live their life. This thought was known in the 18th and 19th centuries and was widely supported by the economist Adam Smith, Thomas Malthus, and David Ricardo.
What Is Modern Liberalism?
Modern liberalism is a combination of social justice and a mixed economy. They believe that government should be in charge and that chasing away the government’s power was doing more harm. This means the government should be in charge in order to protect people’s rights.
Classical Liberalism Vs Modern Liberalism
- Classical liberals (libertarians) see the state as the primary threat to individual freedom and advocate limiting its powers to those necessary to protect basic rights against interference by others.
- Classical and modern liberals both believe that all individuals are of equal worth and therefore everyone deserves equal individual rights. They however disagree on the type of right a person enjoys.
- Also, Classical and modern liberals disagree on the role of the State. While they both believe that some form of State needs to exist, classical liberals believe in minimal state intervention.
- Classical liberalism liked taxation with low taxes, low or no tariffs, etc. However, Modern liberalism liked high tax systems, many laws on businesses, high minimum wage laws, etc.