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Difference between Liberalism and Socialism - Essay Example

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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…
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Difference between Liberalism and Socialism
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Difference between Liberalism and Socialism

Download file to see previous pages... Socialism advocates for total control of resources that contribute to political and economic development. Only through such control, can the state achieve true success and economic prosperity of its people (Hinnfors, 2006). Introduction History and Political Science What is the difference between liberalism and socialism? Through socialism, most of the individuals in a nation are highly likely to be provided for in terms of basic resources. The government in a socialist system is also highly likely to ensure that the people of the nation have all needed social amenities. Socialism is likely to ensure that all the available wealth in a nation has been equally distributed regardless of economic state held by the country’s nationals. However, some of the socialist systems that have been observed in most countries have not been as efficient as they were originally meant to be. If the individuals in the government happen to be corrupt, it is the innocent nationals of a country that suffer since the wealth in the nation does not get distributed as it should be (Mcdonald, 2008). There are different forms of liberalism that are used in the learning fields. This paper will focus on the classical form of liberalism and its views. Liberalism dictates that the governing power should only be in charge of institutions in the country if there is no recorded progress. Individuals that support liberalism feel that the people of a nation are likely to have more freedom if the government is only involved in the control of some institutions (Tamanaha, 2004). What are the basic components and goals of a liberalist government? (Based on the ideas of J.S. Mill, Adam Smith and John Locke) Liberalist governments view the needs and wants of their people as being the most important. The government encourages a system whereby individuals are made to feel free in their environment. There is freedom of speech and other constitutional rights to encourage harmony in the society (Tamanaha, 2004). Liberalist governments are based on the ideals of liberty and equality. The main components of liberalist governments include the freedoms of speech, free elections and right to life and own property. According to John Locke, each individual should have the right to life, own property and liberty. Another component is the rejection of absolute monarchies, state religion and the divine right of kings. J.S Mill asserts that an individual should have the right to do harm on himself or herself as long as he is not harming other people. ((Mcdonald, 2008). Adam Smith, in his work on wealth of nations, he asserted that governments should ensure economic liberalism by not interfering with the markets. He opposed restrictive trade practices, subsidies to government monopolies and trade unions. According to liberalist goals, the selfish interests of individuals will make the economic markets self-regulate. However, Adam Smith argued that the government had limited role in the provision of public goods like schools and roads that cannot be provided adequately by the private sector. Adam Smith maintained such costs should be charged to citizens proportionately according to their consumption through tolls ((Mcdonald, 2008). Individuals such as John Locke were on the front in encouraging the adoption of liberalism in governing systems. Liberalism supports the giving of power to the people in communities. Individuals are ideally free to communicate their satisfaction/ dissatisfaction with a government and demand for a democratic way of governing. According to Locke, individuals are entitled to ownership of any form of rights, rights or freedom. A ...Download file to see next pagesRead More
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