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Classical liberalism, contrary to progressive branches like social liberalism, looks more negatively on social policies, taxation and the state involvement in the lives of individuals, and it advocates deregulation. [2] Until the Great Depression and the rise of social liberalism, classical liberalism was called economic liberalism.
Besides conservatism and liberalism, the United States has a notable libertarian movement, developing during the mid-20th century as a revival of classical liberalism. Historical political movements in the United States have been shaped by ideologies as varied as republicanism, populism, separatism, fascism, socialism, monarchism, and nationalism
Conservative liberalism is an ideology that highlights the conservative aspect of liberalism, so it can appear in a somewhat different form depending on the local reality. Conservative liberalism refers to ideologies that show relatively conservative tendencies within the liberal camp, so it has some relative meaning.
As such, fiscal conservatism today exists somewhere between classical liberalism and contemporary consequentialist political philosophies. [ 150 ] [ 151 ] On the other hand, some conservatives tend to oppose free trade policies and support protectionism and immigration reduction instead.
Liberal Republicans have voiced disappointment over conservative attacks on liberalism. One example is former governor of Minnesota and founder of the Liberal Republican Club Elmer L. Andersen, who commented that it is "unfortunate today that 'liberal' is used as a derogatory term". [272]
Liberalism can mean different things in different contexts, being sometimes on the left (social liberalism) and other times on the right (conservative liberalism or classical liberalism). Those with an intermediate outlook are sometimes classified as centrists.
Classical liberalism is a philosophy of individualism and self-responsibility with little concern for groups or sub-communities. Classical liberals in the United States believe that if the economy is left to the natural forces of supply and demand, free of government intervention, the result is the most abundant satisfaction of human wants.
Liberal conservatism shares the classical liberal tenets of a commitment to individualism, belief in negative freedom, a lightly regulated free market, and a minimal rule of law state. [6] A number of commentators have stated that many conservative currents in the 1980s, such as Thatcherism, [2] were rejuvenated classical liberals in all but ...