Conservatism - Libertarianism 1.1 Flashcards
what is libertarianism
emphasis on rights of individual to liberty, advocating limited state intervention
what are the characteristics of libertarianism
- MAXIMUM economic freedom
- MINIMAL state intervention in social affairs
who advocated economic liberalism
Adam Smith
what did burke argue about libertarianism
- free trade and market economy are efficient
- natural to humans
which two leaders adopted a strand of libertarianism
NEW RIGHT
-Margaret Thatcher ( 1979 - 1990 )
-Ronald Reagan ( 1981 - 1989 )
what does neo-liberals reject
- state intervention
- Keynesian-style demand management
- welfare programmes
what do neo-liberals economists say
- free market is the only mechanism that fufills supply and demand, not the government
what do neo-liberals do during times of economic recession
government spending cuts to control money supply
why should governments concentrate on the ‘supply side’
- to facilitate the highest level of production
- therefor high taxation / trade union power / government regulation must be removed
what do neo-liberals think about state welfare programmes
dependency culture = depriving self-respect and dignity
what did 1980’s neo-liberals say about benefits
too many family fall into the cycle of relying on state benefits for their daily lives
what does state benefits do to the institution of a family ( neo-liberalism )
eroding parental financial responsibility and sapping drive to become self-sufficient
what does welfare services mean for property
- undermine property rights and power
- money ( APPARENTLY???) given to benefit users is ‘state robbery’
what do neo-liberals believe about society and state
that they don’t owe eachother anything ( extreme form of individualism )
