Embracing Modern Liberalism: The Role of Welfare Capitalism

1305 Words3 Pages
bulb-icon

Recommended: Importance Of Liberalism

In the source, the author states that individuals who want to pursue wealth are not able to if, the state rejects the pursuit of profit by putting fear and insecurity into individuals. Welfare capitalism looks to be the solution, since there is freedom to produce without fear and conflict. The source is addressed to what degree should modern liberalism be embraced? The author of the source fully embraced the ideology of pro-modern liberalism. This is hinted by the key terms “welfare capitalism and state” are major characteristics of pro-modern liberalism, since they now have the right to produce and make a profit, but, also have a social safety net in case you fall into debt making it welfare capitalism while working with the population to produce. The author’s perspective of the source can also be agreed by VIP John Maynard Keynes, because he promoted Modern …show more content…

Another VIP who would agree with this source would be Adam Smith. He believed in capitalism and the “pursuit of profit.” Every individual is free to develop their individual capacities. Adam Smith would agree with the source because of the author’s economic opinion supporting welfare capitalism. After considering the key ideas of the source, and exploring multiple ways a society can embrace or reject those ideas, it is clear that the ideology of modern liberalism as reflected in the source should be embraced fully. The source suggests that an ideal society, is a society where people are free to develop their individual capacities while being able to be awarded for their talents and engage in profits without any fear of conflict with the state; where individuals are unburdened by fear of actual hunger. A pro-modern liberal would believe in the free market and social programs that would be used as a social safety net. There is support in Modern Liberalism balancing

Show More
Related

  • History: Industralization and the Gilded Age

    771 Words  | 2 Pages

    While reading these documents it has shown and expressed to the audience that based off of a person’s position in society it will allow for their opinions and views of our world to be noticeably different. Each of the authors in this document all have somewhat different yet similar views and explanations of the times during 1870-1895. A lot of the views on the business production and the politics are highly differed based off ones role in society. A few of the authors of the sources such as, Andrew Carnegie and Jay Gould were each part of a higher class within the Gilded Age, their views on the business industry was that the government should not get involved with ones actions in the business world. Whereas another author within the source, Henry George, viewed that being poor and living in poverty is an act of other people within a selfish society, and that if we want change one must fix their actions to allow for a secure absolute community filled with equality.

    Read More

  • Response Of Socialism To Classical Liberalism

    748 Words  | 2 Pages

    Commanding Heights: Social Assignment 1. Response of socialism to Classical liberalism: Classical liberalism is an ideology that embraces the principles of individualism such as rule of law, individual rights and freedoms, private property, economic freedom, self-interest, and competition. Classical liberalism stresses the importance of human rationality. Just as it values political freedom, classical liberalism also holds freedom to be the basic standard in economics, and believes the most beneficial economic system to be the free market. Whereas, the term socialism, when generally used, refers to any ideology that believes that resources should be controlled by the public for the benefit of everyone in society and not by private interests for the benefit of private owners and investors.

    Read More

  • Theme Of Socialism In The Jungle By Upton Sinclair

    1297 Words  | 3 Pages

    ...es. By adapting socialist ideals into a capitalist economic and social system a prosperous society results.

    Read More

  • The United States: The Reluctant Welfare State

    2138 Words  | 5 Pages

    The United States is often referred to as a ‘reluctant welfare state.’ There are various reasons for this description. One of the primary reasons for this is the differences and diversity of the political parties which are the motivating forces that control government. The Liberal Party, for instance supports government safety nets and social service programs for those in need. “Liberals believe in government action to achieve equal opportunity and equality for all.” ("Studentnews," 2006) They believe it is the responsibility of government to ensure that the needs of all citizens are met, and to intervene to solve problems. The responsibility of government is to alleviate social ills, to protect civil liberties and sustain individual and human rights. Liberals support most social and human service programs; such as TANF, including long-term welfare, housing programs, government regulated health care, Medicare, Medicaid, social security, and educational funding. Their goal is to create programs that promote equal opportunity regardless of gender, age, race, orientation, nationality or religion, along with many others. Liberals believe that government participation is essential and a means to bring about fairness and justice to the American way of life.

    Read More

  • Collectivism Vs Collectivism

    1014 Words  | 3 Pages

    Comparing the past to the present, one of the things that have not changed in the economy is the people’s love for money. Lots of money. There have been many attempts to further increase the amount of money that an economy or an individual can gain. Whether this is through ideas like welfare state where the government supports its people by providing things such as financial support or individualistic ideas like pursuing your own self-interest. The source provided wants all of us to believe that by supporting the ideologies of collectivism through welfare state, it will only result with us depending on the government instead of striving for our own success. The statement from the source, “The welfare state arose out of a misguided desire to

    Read More

  • The United States Welfare System

    1652 Words  | 4 Pages

    Welfare can be defined as “systems by which government agencies provide economic assistance, goods, and services to persons who are unable to care for themselves” (Issitt). The United States welfare system is an extremely complex and unique entity that encompasses ideas and concepts from an abundance of different places. Many people believe the current system is an excellent resource for the population, while others believe the current welfare system requires reform and budget cuts to become effective.

    Read More

  • Liberalism: Hegel And Marx's View Of Freedom

    1477 Words  | 3 Pages

    One of the most fundamental concerns throughout mankind have been the subject of a fully free emancipated humankind. Throughout history, philosophers have been in constant discussion in figuring out a way to respect human rights, while at the same time, preserve a well-ordered society. One of the schools of thought that demonstrate this type of society is liberalism. Liberalism is defined as “a political or social philosophy advocating the freedom of the individual, parliamentary systems of government, nonviolent modification of political, social, or economic institutions to assure unrestricted development in all spheres of human endeavor, and governmental guarantees of individual rights and civil liberties” (Dictionary, 2017). Although most

    Read More

  • Welfare Liberalism Essay

    1150 Words  | 3 Pages

    The intention of liberalism is to allow the individual to live as they choose, however, obstacles such as economic conditions and inequality often block the individual from realizing their full potential. Government programs are implemented to combat these obstacles and aid individuals in obtaining opportunity and liberty in society. The basic human rights of life, liberty and the pursuit of happiness according to the Constitution of the United States are guaranteed and it is the government’s role to protect those rights. The right to liberty can only be possible through the opportunity of realizing one’s full potential, and welfare programs make this possible for many citizens. These programs are set in place to help people in need of assistance,

    Read More

  • Modern Liberalism And Modern Conservatism

    2261 Words  | 5 Pages

    Modern liberalism and modern conservatism are both political outlooks that involve acceptance or support of the balance of the degree of social equality and social inequality; while they tend to avoid political changes that would result in extreme deviation of society to either side. Modern liberalism and modern conservatism tend not to be as centrist or middle-of-the-road ideologies as they once could be. Ideology is a set of ideas and beliefs that guide the goals, expectations, and actions of a group (Webster’s Dictionary). Individuals who are conservative or liberal tend to have views that align within a political party, whether it be Republican or democratic, but this is not always the case. There are conservative democrats, such as, Jim Costa and Jim Cooper and there are liberal republicans, such as, Nathaniel Banks and George Washington Julian. Another name for conservative democrats would be blue dog democrats while the nickname for liberal republicans is the Rockefeller republicans. These two ideologies tend to be more of the centrist ideologies. Modern liberals tend to be members of the Democratic Party because they support a wide range of welfare programs and government support of the public sector and tighter corporate regulations (PP Modern Liberalism). U.S. Conservatism evolved from classical liberalism, which makes them similar, yet there is many differences between modern conservatism and modern liberalism. There are principles and tenets that govern each ideology. A tenant is a belief or idea that is held as being true from a group (Webster’s Dictionary). In understanding both ideologies, it is imperative to have an understanding of classical liberalism. Classical liberalism was built on ideas from the seventeenth ...

    Read More

  • Anarchy vs. Liberalism

    2726 Words  | 6 Pages

    Their philosophy can be considered opposite of most other ideologies, especially that of contemporary liberalism. Contemporary liberalism strives to hold on to the classic liberal ideals pertaining to political, economic, and social liberties but it tends to look at democratic government as a tool rather than a hindrance. John Stuart Mill, John Dewey, and Franklin D. Roosevelt are established ideologues of contemporary liberalism. Just opposite of anarchism, modern liberalism puts its faith in government to change and adapt to the failures of capitalism. The emergence of this political philosophy started around the end of the nineteenth century with John Stuart Mill's ideas in his book Principles of Political Economy.

    Read More

  • Socialism - The Best Economic System

    1465 Words  | 3 Pages

    If one looks at liberty and individual freedom, it is evident that command economies tend to oppress their citizens. Therefore, socialism, which allows for basic needs to be met and personal freedoms to be upheld, is the best economic system for all of a country’s citizens. Market economies, as a whole, inherently and inevitably lead to poverty and a large class disparity. In a capitalist society, the ones who supply labor, the ones who work the hardest, are the ones who are paid the least. The owners, who are already rich, receive most of the profit and accumulate large masses of wealth.

    Read More

  • Bellamy's Analysis

    252 Words  | 1 Pages

    Bellamy also assumes that having a strong central government is the best way to run society because having the nation be in charge will create more equality and increase productivity. Dr. Leete, who describes the new way of life to Julian states that the nation “‘became the one capitalist in the place of all other capitalists, the sole employer…. The epoch of trusts had ended’” (Bellamy 17-18). With the nation becoming the only capitalist, all the trusts and monopolies that existed in the ninetieth century disappeared. These trusts were creating corruption as big businesses tried to hoard wealth and put the small capitalist at a risk of poverty. Now, that the nation is the only capitalist all those problems do not exist creating more economic

    Read More

  • Adam Smith

    1449 Words  | 3 Pages

    “No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.” A famous writer from the time of the Enlightenment said this famous quote. He goes by the name of Adam Smith who was perhaps the most famous economist of all time. He was born in 1723 in Kirkaidy, Scotland and died in 1790. He was a professor of philosophy at the University of Glasgow. He wrote some famous pieces of writing that were very influential to today’s society we live in. He wrote The Theory of Moral Sentiments in 1759, which talked about people being selfish, but still could live in a society together in fairness. He also wrote The Wealth of Nations in 1776 which spoke about many different ideas that he felt were valuable to the society he was living in. He discussed why some countries are poor and some are rich. He within the text of his work he answered by mentioning his theory of the division of labor being done more better then other countries. He backed up his theory with a great example of the pin factory. Also in his text he mentions his idea of an “invisible hand” and “laissez-faire”. Adam Smith believed in an idea where the government should let the people freely bring goods to the market, which was his idea of laissez-faire. With Adam Smith’s fairly educated persona, he has a very coherent argument that I agree with where he states through his high diction and sentence structure government should take its hands off and stay out of the economy and with more freedom to the people only provide law and order, defend the country from outside countries, and provide resources, which can benefit the public while not focusing on the people. With the tone he uses when he gives examples, draws a lot of em...

    Read More

  • Essay On Liberalism

    1391 Words  | 3 Pages

    Modern day society is engrossed in a battle for protection of individual rights and freedoms from infringement by any person, be it the government or fellow citizens. Liberalism offers a solution to this by advocating for the protection of personal freedom. As a concept and ideology in political science, liberalism is a doctrine that defines the motivation and efforts made towards the protection of the aforementioned individual freedom. In the current society, the greatest feature of liberalism is the protection of individual liberty from intrusion or violation by a government. The activities of the government have, therefore, become the core point of focus. In liberalism, advocacy for personal freedom may translate to three ideal situations, based on the role that a government plays in a person’s life. These are no role, a limited role or a relatively large role. The three make up liberalism’s rule of thumb. (Van de Haar 1). Political theorists have

    Read More

  • The Importance Of Liberalism

    1000 Words  | 2 Pages

    same way. Difference-blind liberal support the claim that it is not unjust to enact laws

    Read More

More about Embracing Modern Liberalism: The Role of Welfare Capitalism

Open Document