Economic liberalism refers to a political and economic philosophy that promotes free markets, minimal government intervention, and individual rights and freedoms. It emphasizes the belief that individuals should have the freedom to buy and sell goods and services as they choose, without excessive government regulations or barriers.
Full definition
Some political parties (
ie economic liberalism) want a «weak» state that has less influence, other seek a strong one.
Some pointed to disillusionment about Obama's interest
in economic liberalism, and others suggested an increased awareness about the political strength of major corporations and rising wealth inequality.
The sect advocated total
economic liberalism with no reserves or borders, in other words a reactionary utopia of complete submission of societies to the exclusive unilateral logic of capital, their «adjustment» — in all its dimensions, political and social — to the sole rationale of the project.
What these elders have generally lacked is a recognition that one can not revise one of liberalism's main commitments, today characterized as «progressivism,» while ignoring the other,
particularly economic liberalism.
Relations with China and other new partners have reopened the development debate, one previously settled under the banner of Western -
backed economic liberalism.
Thatcherism's great unleashing of the forces of creative destruction showed
how economic liberalism is deeply disruptive of social conservatism.
«Our response must be to
match economic liberalism - our commitment to the open economy - with a new, and in many ways more challenging mission: economic empowerment,» he argued.
There is something in this: Mr Blair converted Labour to
economic liberalism just as David Cameron converted the Tories to social liberalism.
«Britain has become a «live and let live» society over the last 30 years, with a striking desire for less interference in people's personal choices and sweeping changes in how the country views homosexuality, religion and almost every institution in the land, the annual British social attitudes survey shows... This social liberalism has come in the wake of a consensus
around economic liberalism.
The weakness of Britain's families is actually one of the growing sources of our country's uncompetitiveness and why I believe that
economic liberalism needs social conservatism.
The U.S. should applaud Asia's growth, which is partly an outcome of our own success at
promoting economic liberalism and international development.
In that same 22 Days in May postscript, Laws also notes that the Lib Dems» retreat
towards economic liberalism, combined with a move towards social liberalism for the Tories under David Cameron, gave the parties some common ground on which to start coalition negotiations.
The notable exception, in the alliances of modern conservatisms against statism, corporatism, and centralizations are some libertarians (neo-liberals) who wish to conserve
an economic liberalism (meaning an elevated «liberty» and «right» in the public sphere).
Long ago the fanatic belief of
economic liberalism (that if the individual strives for maximum economic prosperity the result will be maximum prosperity for all) has been shown to be wishful thinking, an ideology meant to somehow socially justify gross egotism.
Both in opposition and then in government Oliver's principal aim had been to help a succession of leaders to move the Conservative Party towards a particular ideological position — social and
economic liberalism, tempered by a commitment to social justice and environmental stewardship, both globally and nationally.
The VVD is a party founded on liberal philosophy, [38] traditionally being the most ardent supporter of «free markets» of all Dutch political parties, promoting political,
economic liberalism, classical liberalism, cultural liberalism, but also (in contrast to this) committed to the idea of the welfare state.
Economic liberalism is working across the world to provide an average growth rate of 4.8 % (6 % if you exclude the EU) so it is quite obvious that the recession here is entirely caused by the political class.
Getting drunk on Morley tends toward Blue Labour solutions when sober assessment of British history points in the opposite direction: toward social liberalism and
economic liberalism.
Economic liberalism, for Laws, is about the way in which we pursue social liberalism, not about the aims of social liberalism.
Founded by a merger of the Social Democratic Party and the Liberal Party, the party can be simplistically labelled as a mixture of
economic liberalism and social liberalism, and it has become fashionable to insist that while the party could sit comfortably with such differences when in opposition, it is much trickier when in government, particularly as a minority party.
Closely related to
economic liberalism, it developed in the early 19th century, building on ideas from the previous century as a response to urbanization and to the Industrial Revolution in Europe and the United States.
Developing nations «need economic empowerment, to remove the shackles that lock poverty in; and
economic liberalism, to remove the barriers that hold prosperity back,» he said.
They are Thatcherites who in spite of their Eurosceptism and
economic liberalism, hold very socially liberal views.
Tags: The Economist,
economic liberalism, social liberalism, rationalism, conservatism, Tim Montgomerie
In contrast, Cameron's ethical language of social life has resonated amongst many who in the past would never have considered voting for
the economic liberalism of Thatcherism.»
The Popular Right: Souverainism, protectionism, euroscepticism,
economic liberalism, social conservatism, liberal conservatism
The election of Donald Trump in the US, Britain's vote to leave the European Union and the rise of right - wing nationalist parties across Europe signal a sharp shift away from the political and
economic liberalism that have underpinned Western policy for decades, sowing widespread uncertainty and threatening to slow the integration of global markets with new curbs on the free movement of both people and products.