Disscuss the class
ical liberal theory of democracy highlighting its liberal and democratic elements?
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Liberal democracy emphasises the separation of powers, an independent judiciary and a system of checks and balances between branches of government. ... Governmental authority is legitimately exercised only in accordance with written, publicly disclosed laws adopted and enforced in accordance with established procedure.
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Liberals think that with the right institutions and diplomacy, states can cooperate to increase wealth and reduce war.
What Is the Classical Liberalism?
- A political and economic philosophy known as "classical liberalism" supports the defense of individual rights and laissez-faire economic freedom by restricting the scope of the federal government.
- The word, which was created in the early 19th century, is frequently used to contrast the ideology of contemporary social liberalism.
- Nowadays, social liberalism, which adheres to a more politically progressive viewpoint, is contrasted with classical liberalism.
- Thomas Hobbes held the view that governments were established by the people in order to reduce inter-individual conflict, and that the best method to motivate employees was through financial rewards.
- They saw a welfare state to be a threat to a market-based economy.
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