Modern Liberalism

Question 1

ML - the state should take a more …… approach

Answer 1

State should take a more interventional approach and actively work to mitigate the disparities and social injustices exacerbated by industrialisation and free market capitalism.

Question 2

ML - Positive liberty TH Green

Answer 2

Argued that the realities and inequalities of industrialised society challenged the classical liberal notion of individuals of wholly autonomous agents.

Green and his contemporaries posited that the state had a moral obligation to create conditions that would enable individuals to realise their potential, thereby achieving true freedom.

Question 3

ML - Keynesianism

Answer 3

Capitalist economies are prone to cycles of boom and bust, leading to periods of mass unemployment and economic instability.

State should intervene to stimulate demand and mitigate the effects of recessions.