Liberalism in general terms has two cases; one as
modern and another as classical, but each has different manifestation on a
moral basis. However, it appears that the differences are juxtaposed on the
principle of liberalism. Although the fact that modern and classical liberalism’s
view are unanimously framed within liberalism, there are distinctions in
approach. Classical liberalism is generally known as an ideology protecting
individuals and limiting government’s role. The term means old. Conversely,
modern liberalism is typically known as a progressive doctrine—an idea of
welfare state unlike classical liberalism.
In the light of variation between the lines, it is not
easy to draw assumption between modern and classical liberalism of which both
of the chains are clashing in the form of ideology. The difference is obvious
when it adds to the ideal of moral and cultural progress. The modern liberals
are more tied to self-dependence, rather than state sponsorship (or state
control) on which this basis there comes to disagreeing with classical
liberals.
Modern liberalism, represented by John Stuart Mill as
a progressive being, reverses the ambitions and restraints of classical
concepts on which defenders of classical liberalism thinks modern liberalism as
a menace to the gains and achievements of the classical liberals. With a view
of classical side, it is alleged that modern liberals are overcommitted and
giving people unrealizable promises which are, to some degree, not relevant to
the system of social welfare state. In theory, classical liberalism is found
out to be linked up with John Locke, Adam Smith, Alexis de Tocqueville,
Friedrich von Hayek, whereas modern liberalism is with John Stuart Mill and von
Humboldt and John Rawls.
Given the understanding of why classical liberalism
feared modern liberalism being inimical to its intent, the latter’s gains which
are thought to be threatened are as the following; firstly, it is the thought
which is ideologically or metaphysically overcommitted. Secondly, it is the
thought that makes everyone an unreliable promise of a degree of personal
fulfillment that welfare state cannot deliver (Alan Ryan 1995). These phenomena
are apparently regarded as basic elements opposed to the ways classical liberals
hold steadfast, and considering that these modern thoughts undermine the
previous success of classical liberalism.
For classical liberals, the political theory of modern
liberals is seen problematic in a virtual world with the thought—a survey that
can be justified unrealistic and not viable. Moreover, the second appraisal is closely
linked to fostering individual freedom for others at a high price.
Economics is defined as the life experience between a person and another, a corporation, and the state, that is government; either it be ethical or pathological; economics is the trust and flow that comes from sovereignty, and the model that best presents economics is the Dispensation Economics Manifest.
ReplyDeleteAn economy is defined as the life experience that comes from the administration of the credit and trade that comes from a household or stronghold. An economy exists for life and death experience, and is determined by the prevailing interest rate of the monetary regime and its monetary policies and schemes.
All be economists, as the field of economics is not restricted to NYT pundit Paul Krugman, or to ivory tower academicians, such as Oxford’s Simon Wren-Lewis, or Free Market proponet Robert P. Murphy.
Liberalism means freedom from the state.
There has been a paradigm shift. Casino Capitalism, also known as money manger capitalism, is over, through, finished and done; the banker regime of democratic nation states is being replaced with the beast regime of regional governance and totalitarian collectivism, seen in Revelation 13:1-4, as on October 23, 2013, Jesus Christ opened the first seal of the scroll of end time events, seen in Revelation 6:1-2, releasing the Rider on the White Horse, who has the Bow of Economic Sovereignty, to effect global coup d’etat, to replace fiat money with diktat money, as the bond vigilantes began calling the Interest Rate on the US Ten Year Note, ^TNX, from 2.48%, and thus pivoted the world from the paradigm of liberalism, meaning freedom from the state, into that of authoritarianism. Diktat money is defined as the mandates of regional fascist leaders ,which establish debt servitude for the purpose of regional security, stability and sustainability.
Liberalism featured the sovereignty of democratic nation states which provided policies of investment choice and schemes of credit, producing seigniorage in equity investments and credit investments. But now with the failure of credit, seen in China, Russia, and the US Small Caps trading lower, and commodities trading lower being the tipping point, authoritarianism is the new normal, and features the sovereignty of regional governance which provides policies of diktat and schemes of debt servitude in regional fascism, where the debt serf is the centerpiece of economic activity, as the investor is going extinct.
The age of credit no more. With the failure of credit, seen in China, YAO, ECNS, CHIX, Russia, RSX, ERUS, Emerging Europe, ESR, the US Small Caps, IWM, IWC, Credit Providers, MA, V, DFS, AXP, and Commodities, DBC, trading lower, authoritarianism is the new paradigm, which features the age of debt servitude.
Thanks, Theyenguy. Your input as well as concepts provided here are so much helpful. Come and visit me whenever you get free as I do so to your blog from this now on.
ReplyDeleteThanks again.