Lecture 14

Question 1

What is Classic liberalism?

Answer 1

Self - interested behaviour = best for collective
“invisible hand” of the market
Individual freedom and state power

Question 2

What is Neo-liberalism?

Answer 2

Market mechanism = superior
Freedom from deliberate competition
Wealth trickles down
State mechanism = inferior
Welfare = conditonal / means-tested

Question 3

What is a social democracy?

Answer 3

Pragmatic compromise between capitalism and socialism
Democratic collective action to oppose inequality created by capitalism
“interests of working class require democracy”
Welfare = Provide services that encompass all sections of society

Question 4

WS in Liberal UK

Answer 4

Self reliance - save privately
means-tested
mainly for low/no income citizens
Deserving participants without other means

Question 5

CJS in Liberal UK

Answer 5

State intervention when one individual harms another
Ideal victims make no claim on welfare state
Victim-blaming is wrong - violation of individual liberty