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What is liberalism
What is the difference between realism and liberalism?
Both are forms of liberalism and extoll a republican government answerable to its citizens as well as some implementation of capitalism, but differ in the extent to which they support pure laissez-faire capitalism. Social liberalism is what many in the USA refer to as simply "liberalism": it supports government intervention in the economy for purposes of providing social services such as education, medical care, and assistance with food or shelter for the poor. Neo-classical liberalism (aka libertarianism, neoliberalism), on the other hand, is an extreme laissez-faire ideology that rejects government interference in the economy, and relies upon private businesses and the free market to provide any desired social services. Often, neoliberals and conservatives share this economic perspective, but differ in their social policies; neoliberals tend to disapprove of the conservative support of gay marriage bans, drug prohibition, and, often, the imposition of Christian religious values. One could also fairly accurately distinguish these two philosophies by their economic theories: social liberalism values Keynesian economics, neo-classical liberalism values Austrian economics.
· Republicanism and Liberalism overlapped and often reinforced each other. The two ideas helped to divided British North America
They both view states as the most important actors. But neoliberalism argue that there are other actors which are important too, such as MNCs, TNCs, Intergovernmental and Non-governmental organizations. They both view anarchy as the structure of international politics.
NAFTA (North American Free Trade Agreement) is linked to the theory of neoliberalism. Neoliberalism promotes free trade, deregulation, and privatization, aiming to create economic growth and prosperity. NAFTA was established in 1994 between Canada, the United States, and Mexico with the objective of reducing trade barriers and increasing economic integration among the three countries.
Neoclassical liberalism, usually referred to as "neoliberalism", is liberalism based on principles of neoclassical economics, namely free competition, a self-regulating market economy, and low or no taxes on income and property, while sharing with other forms of liberalism "a belief in progress, the essential goodness of the human race, and the autonomy of the individual and standing for the protection of political and civil liberties" (Merriam-Webster.com). In these senses it is economically in the sense of income and private property issues on the right while being socially in the sense of personal issues on the left. In terms of class interest (the original reference points of left versus right) it is decidedly on the right in modern society, that is conservative. As such it is sometimes referred to as "liberal conservatism" or "conservative liberalism" by commentators.
Lydia Fraile has written: 'Blunting neoliberalism' -- subject(s): Economic policy, Citizen participation, Neoliberalism
Classical liberalism emphasizes limited government intervention in individuals' lives and the economy, prioritizing individual freedom and private property rights. Modern liberalism, also known as progressivism, supports government intervention to address social and economic inequalities, promoting social welfare programs and regulations to protect workers and consumers.
Liberalism emphasizes cooperation, international organizations, and interdependence among states to achieve peace and security. Neoliberalism expands on this by promoting free markets, deregulation, and reducing government intervention in international affairs to facilitate economic growth and prosperity. Both approaches stress the importance of collective action, institutions, and diplomacy to address global challenges and shape international relations.
It’s a variety of capitalism, which unashamedly supports the wealth and power of the capitalist class.
Neoliberalism is a political philosophy whose advocates support economic liberalization, free trade and open markets, privatization, deregulation, and decreasing the size of public sector.