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What is the main difference between classical liberalism and neoliberalism?
by School-Cotton 5y ago
What is the main difference between classical liberalism and neoliberalism?
- AstralStorm 5y agoRegressive taxation and pro-corporate rather than pro-small business stance. Classical liberalism also is fine with public spending.
- bluetomcat 5y agoNeoliberalism is associated with the policies in the Western world during the 1980s, mostly under Thatcher and Reagan. The emphasis is on financial deregulation, globalisation and privatisation. Classical liberalism is rooted in 17th-century philosophy, best represented by John Locke and Adam Smith. The emphasis there is on individual economic freedom, natural property rights and limited government.
- lupire 5y agoNote that they aren't directly competing ideas. These philosophies aren't pure abstractions. Classical liberalism was crafted in a different historical context, in the era of monarchies and theoracies.