Liberalism
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Liberalism is an ideology, philosophical view, and political tradition which holds that liberty is the primary political valu
Broadly speaking, liberalism emphasizes individual rights. It seeks a society characterized by freedom of thought for individuals, limitations on power (especially of government and religion), the rule of law, the free exchange of ideas, a market economy that supports free private enterprise, and a transparent system of government in which the rights of all citizens are protected.[2] In modern society, liberals favor a liberal democracy with open and fair elections, where all citizens have equal rights by law and an equal opportunity to succeed.[3]

Many new liberals advocate a greater degree of government interference in the free market, often in the form of anti-discrimination laws, civil service examinations, universal education, and progressive taxation. This philosophy frequently extends to a belief that the government should provide for a degree of general welfare, including benefits for the unemployed, housing for the homeless, and medical care for the sick. Such publicly-funded initiatives and interferences in the market are rejected by modern advocates of classical liberalism, which emphasizes free private enterprise, individual property rights and freedom of contract; classical liberals hold that economic inequality, as arising naturally from competition in the free market, does not justify the violation of private property rights.

Liberalism rejected many foundational assumptions which dominated most earlier theories of government, such as the Divine Right of Kings, hereditary status, and established religion. Fundamental human rights that all liberals support include the right to life, liberty, and property.

“it only takes 20 years for a liberal to become a conservative without changing

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Market Economy And Modern Society. (June 27, 2021). Retrieved from https://www.freeessays.education/market-economy-and-modern-society-essay/