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My understanding of the difference:

Libertarianism: Freedom of thought and action and the virtue of self interest, even if this affects other people adversely?

Liberalism (Classical not Modern): As many people as possible have as much personal freedom/autonomy as is feasible, without affecting other people adversely?

(Modern liberalism in America is sometimes thought of as a 'liberal' use of government intervention, as against a more 'conservative' use of government intervention?)

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14y ago
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13y ago

In classic liberalism, the general idea is to liberate the market from regulations, thus enabling the corporations to conform a "process" which liberals think should run completely free and without restrictions, leaving it to the rules of nature and economics. This process, of course, in the end should bring wealth to everyone.

Neo-liberalism is the same formula, but applied to all the other systems liberals didn't think about, because they hadn't had a "welfare state" crisis yet, and with all the new variables modern technology introduced on the market during the two World Wars.

Neo-liberalism thinks the state and the government only interfere with the process, and that they should be reduced to the minimum only to disappear later, leaving the control of the public works to the corporations.

They also took the liberal ideas to the maximum, enabling entrepreneurs to not physically own anything, by virtualization of capital, artificial transactions, automatic trading, and complete usage of space and time.

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14y ago

Democracy is a form of government, liberalism is a political philosophy.

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13y ago

I have added two links which may assist.

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Q: What is the difference between liberalism and libertarianism?
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