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Liberalism
liberty/freedom
Classical Liberalism
Individual liberalism, that contains less government involvement to promote individual freedoms
John Locke
believed in classical liberalism, individual rights (freedom of speech, and expression) should be protected due to human rational. He rejects authoritarianism
Adam smith
Limited government to protect private property. Believed in use of free trade, and rejected mercantilism. Saw that the Economy does not require intervention and will be resolved by supply in demand. Advocated for protectionism
Locke: Social Contract
Rulers contradict human rights, they should have the right to overthrow the government
Authoritarianism
Complete government control
Human rational
Human’s ability to progress and become better
Protectionism
Ways to protect domestic economy, like tariffs
Thomas Hobbes
Believes individuals rights results in chaos and reject liberalism. Needs strong authoritarian government
Hobbes Social Contract
State is given complete power to provide stability
Jean-Jacques Russo
Believed in democracy working to reflect general will, classic liberalism.
Karl Marx
wants the max amount of intervention, rejecting economic liberalism. Believes in central planning
How did Karl Marx view the French Revolution
He thought class conflict is what drives historical conflict. Believed Another event like the French Revolution will happen against bourgeoisie and can only be solved by dictatorship
John Maynard Keynes
Government intervention should be utilized during times of crisis. Introduced welfare to act as a social safety net
Welfare
government intervention that ensures collective financial prosperity like food stamps
Treaty of Versailles
Forced German to pay war reparations, losing colonies, land and limited their military. Catalyst to Nazi and Fascism movement
Communism
Marx’s call for violent revolution to overthrow capitalism and liberal democracy. After another revolution dictatorship would rise and form a new society
Proletariat
Those who are exploited by capitalist