Notes
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Feature | Liberalism | Neoliberalism |
Time period | 18th-19th century origins | Late 20th century |
Primary goal | Broad individual freedom | Market efficiency & competition |
View of the state | Limited but essential for rights | Minimal, facilitator of markets |
Markets | Useful but not absolute | Central organizing principle |
Social policy | Some support for welfare | Shrink welfare; use market mechanisms |
Freedom | Civil and political freedom | Freedom as market choice |
Attitude toward inequality | Liberties more important, but some thinkers favor moderation | Often accepts inequality as necessary |
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