Saturday, January 7, 2017

19th Century Liberalism vs Modern Liberalism

I think it is really interesting that laissez-faire capitalism was a liberal idea at one point. By modern liberal standards, a fully free market system would be a ridiculous idea. Nowadays, liberals are generally in support of government regulation in many areas, particularly involving the environment. The conservatives are usually against government regulation. Today's liberalism is a lot closer ideologically to socialism.

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