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Question 3
To what extent is liberalism more concerned with society than with the economy? You must use appropriate thinkers you have studied to support your answer and consid... show full transcript
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First, it is essential to acknowledge that both classical and modern liberals hold differing views on the significance of society and the economy. For both groups, the economy is crucial as it aligns with the principle of individual freedom. Classical liberal thinkers, like John Locke, argue that a free market is indispensable for societal prosperity, thus intertwining economic freedom with social outcomes.
However, some thinkers argue that too much emphasis on the economy can undermine the values of a free society. They suggest that while economic prosperity allows for individual freedoms, it can also lead to social inequalities and a neglect of community values. This view posits that an over-focus on the market could create divides that weaken societal bonds.
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On the other hand, modern liberals, such as John Stuart Mill, argue that individual flourishing cannot occur without a robust societal framework. They contend that society should have mechanisms in place to ensure that freedoms are not merely economic but also social. For instance, they propose that education and social programs are vital to creating opportunities and, consequently, a more equal society.
Furthermore, while classical liberals support a free market, they also recognize that economic growth must serve the overall interests of society. Therefore, understanding liberalism requires a balance between valuing economic freedom and recognizing the need for societal responsibility. In conclusion, while both strands of liberalism emphasize individual freedom, they demonstrate a varying degree of concern for society versus the economy.
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