Liberalism - summary of all 2.1 Flashcards
1
Q
Human Nature ( Liberalism )
A
- rational
- individualistic
- equality of opportunity
- tolerant
2
Q
The State ( Liberalism )
A
- mechanistic theory
- social contract
- checks and balances ( stop abuse of power )
- decentralisation of power ( devolution )
3
Q
Society ( Liberalism )
A
CLASSICAL LIBERALS
- a collection of individuals pursuing own interests
- meritocracy
- foundational equality
MODERN LIBERALS
- state intervention is needed to make society thrive
4
Q
The Economy ( Liberalism )
A
CLASSICAL LIBERALS
- economy is best with limited state intervention
MODERN LIBERALS
-state intervention is needed to combat short comings of a capitalist economy