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New liberalism, also called revisionist liberalism or welfare-state liberalism, is a stance in political economy that argues for extended state regulation and partial intervention in a capitalist background. |
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New liberalism (also pejoratively called revisionist liberalism or welfare-state liberalism), is a stance in political economy that argues for extended state regulation and partial intervention in a capitalist background. |
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In Europe and the United States, starting with the increase in size of government with the Great Depression during the 1930s, new liberals such as [John Maynard Keynes]? advocated government programs as a solution to many economic and societal problems, believing that classical free-market liberalism had failed to protect the basic rights of the citizenry. |
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In Europe and the United States, starting with the increase in government intervention in the economy with the Great Depression during the 1930s, new liberals such as [John Maynard Keynes]? advocated government programs as a solution to many economic and societal problems, believing that classical free-market liberalism had failed to protect the basic rights of citizens. |
It is named by opposition to classical liberalism, and serves as a intellectual backing to political liberalism, liberal-democracy? or [social democracy]?.
In Europe and the United States, starting with the increase in government intervention in the economy with the Great Depression during the 1930s, new liberals such as [John Maynard Keynes]? advocated government programs as a solution to many economic and societal problems, believing that classical free-market liberalism had failed to protect the basic rights of citizens.
See also liberalism, capitalism, United States Democratic Party.
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