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Why Liberalism Failed is a critique of political, social, and economic liberalism as practiced by both American Democrats and Republicans.According to Deneen, "we should rightly wonder whether America is not in the early days of its eternal life but rather approaching the end of the natural cycle of corruption and decay that limits the lifespan of all human creations."
"Postliberals reject the fiction of a purely neutral state, instead suggesting that the state should play an active role in promoting the common good and ensuring social cohesion." [ 11 ] Liberal philosophers such as John Rawls have characterized liberalism as a political regime in which the state is (or should seek to be) neutral with regard ...
Economic liberalization, or economic liberalisation, is the lessening of government regulations and restrictions in an economy in exchange for greater participation by private entities. In politics, the doctrine is associated with classical liberalism and neoliberalism .
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Economic liberalization refers to the reduction or elimination of government regulations or restrictions on private business and trade. [3] It is usually promoted by advocates of free markets and free trade, whose ideology is also called economic liberalism. Economic liberalization also often involves reductions of taxes, social security, and ...
John Maynard Keynes (right) and Harry Dexter White at the Bretton Woods Conference in 1944. The post-war displacement of Keynesianism was a series of events which from mostly unobserved beginnings in the late 1940s, had by the early 1980s led to the replacement of Keynesian economics as the leading theoretical influence on economic life in the developed world.
Economically, modern liberalism supports government regulation on private industry, opposes corporate monopolies, and supports labor rights. [2] Its fiscal policy opposes any reduction in spending on the social safety net, while simultaneously promoting income-proportional tax reform policies to reduce deficits.
The End of Liberalism: The Second Republic of the United States is a non-fiction book by Theodore J. Lowi and is considered a modern classic of political science. Originally published in 1969 (under the title The End of Liberalism, with no subtitle), the book was revised for a second edition in 1979 with the political developments of the 1970s taken into consideration.