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What was “New” about “New Liberalism”?
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| Submitted: Fri Aug 26 2005
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What was "New" about "New Liberalism"? Old liberalism, otherwise know as classical or Gladstonian liberalism was centred around the fundamental rights of the individual. It was an ideology that the state should have little to no intervention in people's lives and in the economy. It relied heavily upon the notion of laissez faire, and the Victorian mindset of self-help. Thrift was one of these ideas. It was the theory that any family could support itself if that income was managed wisely, and a pension could be saved for. The key pillars of old liberalism was low taxes and low state intervention. This was because they believed that the people should be able to spend their money as they wised, and not be forced to send it in taxes. The second principle of low state intervention was born out of the thought that "state intervention in the working of the market was...
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