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Liberalism and neoliberalism

Difference between Liberalism and Neoliberalism
Difference between Liberalism and Neoliberalism

The Difference between Liberalism and Neoliberalism is given here. Liberalism is a political philosophy that defends individual freedom, initiative, equality before the law and limits the intervention of the State in social, cultural, and economic life. Neoliberalism is a capitalist economic and political current inspired by liberalism with some limited level of interventionism.

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Liberalism

It is a political philosophy that defends freedom, equality before the law, private initiative and that limits the intervention of the State and public powers from the social, cultural, and economic perspective.

It is an attitude that proposes freedom and tolerance in human relationships, it is based on free will and the principle of non- aggression. It promotes the sum of civil and economic liberties.

Liberalism is opposed to absolutism, despotism, conservatism, and authoritarian, dictatorial, and totalitarian systems.

In this current of thought, the rule of law as representative democracy and the division of powers are based.

Liberalism was a movement of wide projection (at the economic, philosophical, and political level) that defended the development of individual personal freedom in order to achieve progress in society.

Neoliberalism

It is also known as the new liberalism and it is a capitalist economic and political current inspired by classical reformed liberalism with a limited level of interventionism.

The term neoliberalism is usually associated with policies that seek to support a liberalization of the economy, trade in general, reductions in public spending and taxes, as well as a reduction of state intervention in society and the economy in favor of the private sector. made up of consumers and entrepreneurs.

The use and definition of this term have changed over time and currently, there is no unified definition. In general, the left uses it as a philosophy associated with the right or far-right in order to encompass within the specters of liberalism, conservatism, feudalism, or fascism.

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Difference between Liberalism and Neoliberalism

  • Neoliberalism seeks the minimum participation of the State in the economy of a country and a reduced intervention in the market.
  • Neoliberalism seeks the free movement of international capital and seeks investments from multinationals.
  • Neoliberalism opposes the excess of taxes and levies, seeks to increase production, and avoids the control of prices in products and services by the State. This philosophy is based on capitalism.
  • Liberalism was the product of enlightened thought. John Locke is considered to be the father of this kind of political thought.
  • Liberalism defends the natural rights of individuals, the separation of the State from religion, and seeks to reduce the intervention of the state in social, cultural, and economic aspects of a country.
  • Democratic revolutions were based on liberalism.

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