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Political Economy - Neo-Liberalism vs. Classic Liberalism - Essay Example

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Neo-liberalism is associated with economic liberalism whose campaign support provides economic liberations, free trade and open markets, privatization, deregulation and promoting the role of private institutions present in new society. Classic liberalism criticizes the…
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Political Economy - Neo-Liberalism vs. Classic Liberalism
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Political Economy - Neo-Liberalism vs. Classic Liberalism

Download file to see previous pages... Neo-liberalism aimed to prevent and control monopoly situations such that if there are no bodies in the state of power that can execute the law to preserve the innocent and restrain the offenders, anyone in the state of nature may punish another person for any evil he or that he or she has done since neo-liberalism supports equality. It ensures that there is no superiority or jurisdiction over one another. Contrary, classic liberalism promotes monopoly of power by removing the free exercise of human ingenuity. Classic liberalism argues that when man was denied the free exercise, man became rapidly able to satisfy ever-widening range of desires. Classic liberalism emphasizes that, only the government that holds the enormous control of any good or evil in the society and man should not take law in their hands (Friedrich 2-5).
Classic liberalism holds that there is nothing in the basic principle of liberalism to deter making changes on the law of nature. It emphasizes that there are no fixed rules fixed finally such that these rules cannot be reversed or changed. Fixed rules are regarded to be ineffective and confer immediate and obvious benefits only on some people since it has a strong favors to certain people.
Neo-liberalism does not encourage the concept of individualism. It emphasizes that on has the authority to destroy another person who ought to do harm to the society although no man is supposed to harm another innocent man. One has to try as much as possible to try to preserve the rest of humankind from any evil that can happen to the other people. Neo-liberalism emphasizes that all being are equal and independent and no man is supposed to harm each other’s innocent life, health or possession as it recognizes all being as workmanship of on omnipotent (God). Moreover, no man that has the liberty to destroy himself and man should not have more than other hence encourage sharing such thing as power. For ...Download file to see next pagesRead More
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