Liberalism - summary of all 2.1

Question 1

Human Nature ( Liberalism )

Answer 1

• rational
• individualistic
• equality of opportunity
• tolerant

Question 2

The State ( Liberalism )

Answer 2

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

Question 3

Society ( Liberalism )

Answer 3

CLASSICAL LIBERALS
- a collection of individuals pursuing own interests
- meritocracy
- foundational equality

MODERN LIBERALS
- state intervention is needed to make society thrive

Question 4

The Economy ( Liberalism )

Answer 4

CLASSICAL LIBERALS
- economy is best with limited state intervention

MODERN LIBERALS
-state intervention is needed to combat short comings of a capitalist economy