John Locke's Cautionary Notion Regarding The Pursuit Of Classical Liberalism
In the first source, John Locke present a cautionary notion regarding the pursuit of Classical Liberalism. He advises that without the government intervening and providing citizens with security, tyranny will prevail. Similar to Classical Liberalism, Locke advocates for individualism and precedence of “natural rights” including; the right to life, liberty and property. These were deemed as inherent rights, and ones to take priority over others. Moreover, during the 17th and 18th century, the focus of Classical Liberalism was to limit the amount of laws that could be passed, and thereby unhindered the restraints on individuals. However, Locke did want government involvement in order to prevent the possibility of individuals becoming increasing
…show more content…
By increasing government spending during times of depression to raise employment and to decrease government spending when the economy was flourishing. This was entitled deficit spending and a key aspect in resolving the Great Depression. Source II provides a cynical viewpoint on capitalism, mocking and stating that the theory does not account for human nature; selfishness, egoistic and highly self-motivated. Instead of relying upon the individuals who have conquered capitalism and depending on their compassion to share their profits, Keynes proposes that governments should be responsible for rescuing the economy. Considering that at this time the major influencer was The Great Depression, the issues that came with Classical Liberalism was the association with capitalism. Classical Liberalism advocates for self-interest and motivation to work; including private ownership. In addition, capitalism states the creation of distinct classes with the middle being the workers who have an obligation of self-reliance and responsibility. For Keynes, during this period, it was evident that the principles of Classical Liberalism being applied to capitalism was catastrophic – the economy will only prosper if the government assists in time of economic turmoil, instead of depending on elite individuals. Conclusively, this source
By increasing government spending during times of depression to raise employment and to decrease government spending when the economy was flourishing. This was entitled deficit spending and a key aspect in resolving the Great Depression. Source II provides a cynical viewpoint on capitalism, mocking and stating that the theory does not account for human nature; selfishness, egoistic and highly self-motivated. Instead of relying upon the individuals who have conquered capitalism and depending on their compassion to share their profits, Keynes proposes that governments should be responsible for rescuing the economy. Considering that at this time the major influencer was The Great Depression, the issues that came with Classical Liberalism was the association with capitalism. Classical Liberalism advocates for self-interest and motivation to work; including private ownership. In addition, capitalism states the creation of distinct classes with the middle being the workers who have an obligation of self-reliance and responsibility. For Keynes, during this period, it was evident that the principles of Classical Liberalism being applied to capitalism was catastrophic – the economy will only prosper if the government assists in time of economic turmoil, instead of depending on elite individuals. Conclusively, this source