Political and Economic Liberalism - 1666 Words

Political liberalism emphasizes the social contract, in which citizens make the laws and they all agree to abide by those laws. It is supported on the belief that individuals know what is best for them. Political liberalism grants political representation to all adult citizens regardless of sex, race, or financial status. It highlights the â€Å"rule of law† and favors liberal democracy. It works on the principle that individuals are the foundation of rules and civilization. Furthermore, society and its organizations are created and subsist to advance the goals and achievements of individuals, devoid of additional support to elite members of society. Economic liberalism supports the individual rights of personal property and†¦show more content†¦We cannot survive without a social contract. There would be constant war because of the development of men’s acquirement of property. Rousseau summarizes this in his Discourse on Political Economy. â€Å"You n eed me, for I am rich and you are poor. Let us come to an agreement between ourselves. I will permit you to have the honor of serving me, provided you give me what little you have for the trouble I will be taking to command you.† (p. 134) He explains the negative aspects of personal tax and why political and economic liberalism benefits society. When people feel they are treated well by their governments, they are more likely to be civil to each other which is why it is necessary for governments to make sure they maintain individual liberty, peace, security, and property rights, and their interferences are kept to a bare minimum. John Locke believes there is a natural law, a moral standard that is intrinsic in the origin of human nature. Humans, being basically good by nature, are born equal and free, with out the ties of government. Because humans were in essence good, there was no need of a government. However, as time passed, the need for the benefits of civility bec ame necessary. It is at this point that people agree to leave the state of nature, and thereby give up their absolute freedom. Locke focuses mainly on the lack of any natural moral authority of one person over another. No one is born master, or captain, or chief, of any otherShow MoreRelatedSocialism vs Liberalism617 Words   |  3 PagesThe terms ‘socialism’ and liberalism’ are used a lot nowadays, and many people often mistake one for the other. In order to differentiate between these two terms, one must keep in mind the clear-cut differences by defining the prevailing ideology of each term. The tenets of socialism assert that the state should wield total economic power by manipulating prices of goods and wages of workers. Furthermore, socialism requires people to submit to the rule of law. In return for their compliance, citizensRead MoreLiberalism and Mercantilism1287 Words   |  6 PagesLiberalism and Mercantilism International political economy is an important subdiscipline of international relation. It has three main ideologies, Liberalism, Mercantilism and Marxism. In this essay there will be three parts, first part is to demonstrate what the Liberalism and Mercantilism are on the perspective of international political economy and then the second part is to compare and contrast these two ideologies of political economy. At last, give a conclusion to the Liberalism and MercantilismRead MorePolitical Philosophy Of Liberalism1098 Words   |  5 PagesLiberalism is a political viewpoint that is established on the thoughts of liberty and equality. Thus, liberalists promote various ideas that are aligned to the concepts of liberty and equality such as freedom of speech, freedom of religion, gender equality, and civil rights. 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