Modern Liberalism: Reaction to Free-Market Capitalism and Expanded Freedom (Edexcel A-Level Politics): Flashcards

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Modern Liberalism: Reaction to Free-Market Capitalism and Expanded Freedom
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When modern liberalism developed

Late 19th and early 20th centuries

What modern liberalism was a response to

Social & economic challenges of industrialisation

Type of state modern liberals support

Interventionist or enabling state

Modern liberals' view on altruism

Individuals have capacity for altruism & social responsibilities

Definition of negative freedom

Only acknowledges legal & physical constraints on liberty

Definition of positive freedom

Liberty threatened by social disadvantage & inequality, not just legal/physical constraints

Economist who challenged classical thinking

John Maynard Keynes

Keynesian economics main idea

Govt can manage economy by influencing aggregate demand

Role of welfare state (modern liberals)

Promotes social justice & reduces economic inequality

Type of taxation modern liberals advocate

Progressive taxation

Beveridge Report (1942) aim

Tackle the 'five giants'

The five giants (Beveridge Report)

Want, disease, ignorance, squalor, idleness

Philosopher who proposed 'equality as fairness'

John Rawls

Rawls' difference principle

Inequalities should benefit the least well-off

Doctrine abandoned by modern liberals

Laissez-faire

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