Question:
Classical vs Social Liberalism (DEFINITION)
Author: Yuan92Answer:
Classical liberalism believes in laissez-faire capitalism, there is a belief of a free market with minimal state interference. And a belief for maximal freedom for the individual. which are ideas of Adam Smith and John Lock. Social liberalism, there is a more sympathetic attitude towards the state. The state must correct the inequalities produced by capitalism and intervene to promote equality of opportunity.
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Yuan92