Liberalism - summary of all 2.1 Flashcards

1
Q

Human Nature ( Liberalism )

A
  • rational
  • individualistic
  • equality of opportunity
  • tolerant
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2
Q

The State ( Liberalism )

A
  • mechanistic theory
  • social contract
  • checks and balances ( stop abuse of power )
  • decentralisation of power ( devolution )
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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

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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

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