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Flashcards in Liberalism Deck (19)
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1

what is the classical view on taxes etc..?

low taxes, low or no tariff, few regulations on businesses

2

why do classical liberals like low taxes etc?

view state as a necessary evil.˙. small state which doesn't require a lot of money

3

why do liberals believe in a small state ?

-humans are rational - ability to make their own decisions
-should be able to resolve disputes through peaceful discussion/debate

4

what is the modern view on taxes etc..?

high tax systems, many laws on businesses, high minimum wage laws

5

why do modern liberals like high taxes etc?

state to provide welfare

6

why do modern liberals want the state to provide welfare?

helps to provide foundational equality and developmental individualism

7

what did T.H.Green say about the state?

achieving one's potential + personal development (fulfilment) with state help + intervention

8

in terms of the economy, what do both modern and classic liberals agree on?

progressive taxation

9

why do they both agree on progressive taxation ?

-helps foundational equality
- only pay as means allow

10

what fundamental concepts do they both agree on?

private ownership and capitalism

11

why do they agree on private ownership?

- supreme importance of the individual leads logically to a commitment to individual
- individuals should be able to make their own decisions

12

what kind of economy do classical advocate

laissez-faire, free market capitalism

13

why do classicals favour free market capitalism

they value negative freedoms, especially from the state

15

what did John Stuart Mill say?

'harm principle' - individuals should be free to do anything except harm other individuals

16

what did Thomas Jefferson say?

'government is best which governs least'

17

what kind of economy do moderns advocate

mixed economy - Keynesian economics

18

why did moderns advocate a mixed economy

-state has right to get involved because they have mandate
- if people don't like it they can overthrow it

18

why do modern liberals dislike free market capitalism

-govt management necessary to minimise effect of economic downturns
- leads to mass poverty and unemployment if not corrected

19

what did John Rawls say?

favoured a 'property-owning' democracy in which ownership is widely distributed and the poorest members of society can be economically independent