Foundations of Individualism and Economic Freedom

Individualism

Emphasis on personal autonomy and self-reliance.

Renaissance

Period (circa 1450-1600) emphasizing individuality.

Human Potential

Focus on ideals like strength, beauty, and reason.

Protestant Reformation

Movement challenging Roman Catholic Church authority.

Rule of Law

No one is above the law; equality for all.

Judicial Independence

Separation of judicial branch from executive power.

Individual Rights

Rights including life, liberty, and security.

Franchise

Right to vote in liberal democracies.

Charter of Rights

Canadian document ensuring rights protection.

Reasonable Limits

Laws limiting rights justified in democracy.

Private Property

Right to own and control personal possessions.

Right of Use

Owner's freedom to utilize their property.

Right of Disposal

Owner's ability to discard or transfer property.

Right to Income

Using property as a source of profit.

Intellectual Property

Ownership of creative works and inventions.

Economic Freedom

Ability to buy, sell, and trade freely.

Laissez Faire Economics

Government hands-off approach to economic decisions.

Self-Interest

Individuals act primarily for personal benefit.

Competition

Market forces driving efficiency and innovation.

Adam Smith

Economist advocating self-regulating markets.

Invisible Hand

Self-interest benefits society indirectly.

Welfare Capitalism

Economic system with government intervention for stability.

Supply and Demand

Market forces determining product availability and price.

Common Interest

Collective benefit often overlooked by individuals.

Hate Propaganda

Material promoting hatred, restricted by law.