early response to classical liberalism

Question 1

four main values of classical liberalism

Answer 1

• personal freedoms (individual rights and freedoms and economic freedoms)
• limited government
• equality of right (rule of law)
• consent of the governed

Question 2

personal freedoms

Answer 2

• individual rights and freedoms: freedom of speech, religion, peaceful assembly, association, belief, opinion, the press, thought, and conscience
• economic freedoms: values of capitalism, laissez-faire, private property, self-interest, competition, risk-taking, consumer sovereignty, work ethic, personal wealth, self reliance, and economic efficiency

Question 3

limited goverment

Answer 3

• government plays very limited or little function in society.
• government is usually responsible for security, and enacting laws to protect personal freedoms
• they set ground rules for all to live by but is not in charge of all of society
• they do not look for ways to transform or change society

Question 4

equality of right

Answer 4

• rule of law
• everyone is subject to the law regardless of class

Question 5

consent of the governed

Answer 5

• government comes form the people, is responsible to the people, and my be changes by the people
• government reflects the will of the people

Question 6

what does supporters of classical liberalism accept

Answer 6

• government should set up rules and laws to guide individuals. government should protect personal freedoms
• state doesn’t care if individuals are equally successful, just that they play by the same rules
• the free (laissez-faire) market is where individuals are best able to pursue their own individual good. state cant interfere with the market- no redistributing wealth or regulating property. private enterprise is values.

Question 7

how was classical liberalism challenged by the industrial revolution

Answer 7

• it cant deal with societal, political, or social problems as it values individualism and limited government
• it made the gap between the rich and the poor bigger (economic disparity)
• boom bust cycle
• poor working conditions
• couldnt deal with the problems of the industrial revolution

Question 8

capitalism

Answer 8

price system, private enterprise, free enterprise, laissez faire, and the supple-demand system

Question 9

capitalism and classical liberal values are centred on the…

Answer 9

individual

Question 10

what is rewarded in capitalism

Answer 10

entrepreneurship, risk taking, and using one’s private property to generate wealth

Question 11

why did socialists and modern liberalist question the focus on individuals

Answer 11

they sought greater equal opportunity for all individuals through government intervention