Date: COMPARE AND CONTRAST LIBERALISM AND SOCIALISM Liberalism and Socialism are two different political ideologies. Liberalism is derived from a Latin word and it means belief in equal rights for all mankind, plus their liberty by every means (Song 45) while socialism is more related to a society on a whole such as social management and cooperation (Oxford English Dictionary)…
Download file to see previous pages...
Liberalism on the other hand is a philosophy which is linked or associated with ideas like the individual liberty and equality. Liberalism started in the 17th century though some argue that it has roots much earlier than that. Marcus Aurelius, the emperor of Rome recognized a government which gave freedom of speech and equal rights to all its citizens (Antoninus 3). It is often difficult to define liberalism because of its diversity and different forms (Young 24) but liberalism has attracted both, support and criticism from people with various thoughts and ideologies. In Northern America, liberalism most nearly refers to social liberalism in contemporary politics. The Liberal Party is pointed to be a modern-liberal party (Puddington 142). Liberalism in The United States of America traces its history when Franklin Roosevelt was the president of the country. The New Deal initiated by Franklin Roosevelt influenced many American presidents in the future including John F. Kennedy. Kennedy was a liberal himself and he said, "a liberal is someone who looks ahead and not behind, someone who welcomes new ideas without rigid reactions and someone who cares about the welfare of the people" (Alterman 32). When Barack Obama won the presidential elections in the year 2008, the economic ties led to the re establishment of social liberalism (Wolfe xiv) In the late 20th century, the “post industrial economy” created doubts among many about socialism which was in response to the industrial capitalism. During this era, information technology was given a higher bar than labor and material. Because of the doubt, many politicians adopted a “third way” which would preserve socialism and prevent the class based politics. Politicians who worked towards the promotion of socialism and hence the development of industrial growth includes Tony Blair, Bill Clinton and Wim Kok. (Ball & Dagger). The foremost principle of liberalism is individual freedom. This freedom must be exercised in all phases of life as well as under all political and economic conditions. Socialism on the other hand presses upon an individual’s sociability. It minimizes competition and increases cooperation. Some socialists claim that when humans exploit other humans, the reason for poverty emerges through selfish motives and self interests. Thus, socialism is extremely important for the existence of markets and institutions as it promotes change. With respect to socialism, the role of the government is to make sure that the wealth is being fairly distributed among the masses. Socialism’s most important principle will only be achieved when all the workers of a state will have the same opportunity for economic equality. The relationship between socialism and liberalism is not certain. Socialism began in the 19th century with some strong ideologies and by the writings of Marx. Like liberalism, socialism also broke into many movements after it was found (Grigsby 119). Karl Marx did not accept the fundamental aspects of liberalism and also hoped to erase the differences between an individual and the society (Koerner 9). The allocation of resources used towards the making of useful products is socialism. The commodities or
...Download file to see next pagesRead More
Cite this document
(“Compare and Contrast Liberalism and Socialism Essay”, n.d.)
Retrieved de https://studentshare.org/history/1437837-compare-and-contrast-liberalism-and-socialism
(Compare and Contrast Liberalism and Socialism Essay)
“Compare and Contrast Liberalism and Socialism Essay”, n.d. https://studentshare.org/history/1437837-compare-and-contrast-liberalism-and-socialism.
It shall also discuss the extent to which this ideology has transformed itself. In other words, it shall seek to answer whether or not it can still call itself liberalism. In answering these issues, this paper seeks to conclude whether there is a core or essence of liberalism which has survived and which gives it lasting meaning.
The study throws light on two of the most recognized ideologies in the recent world are modern conservatism and modern liberalism. One of the striking similarities between modern conservatism and modern liberalism is that both of them have changed considerably from their original ideologies, traditional conservatism and social liberalism.
It was published by the University of Toronto Press, for the Canadian Political Science Association. The article was written by Gad Horowitz started from 1935 to 1967. The main subjects tackled in the article are the Canadian economic conditions, bibliography, periodicals, economics and political science.
This balance results in various implications regarding electoral procedures, rule of law, structure of the government and economic concerns and other significant issues. In society, change is inevitable in government relationships and arrangements and throughout the political world.
Liberalism and socialism reflect the way in which political, social and economic situations are viewed in the society. Socialism is promoted by individuals that advocate for equal distribution of resources throughout the population. Such individuals feel that governments and other authoritative bodies in the society should create policies that eliminate poverty from a society.
In other words, liberalism is the belief that the will of a man is not subject to the will of someone else. The Fundamental Liberal Principle is defined as the belief that political authority must be justified in order to assert authority over people.
Basing on the economic perspective, liberals in 19th century said that, the state should not interfere with the economic life of the society. To support this argument one of the liberals Adam Smith said that, economic states which are based on free markets are more prosperous than those which are controlled by the state.
In capitalism, the means of production are privately owned while in socialism, the means of production are owned by the public or the state. A derivative of the first difference is that in capitalism, production is aimed at
Socialism refers to a political and economic ideology where all property is owned by the state (Wallerstein 73). As such, the system is that which does not condone private ownership of property. To theee socialist system, all wealth is supposed to be
2 Pages(500 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic Compare and Contrast Liberalism and Socialism for FREE!