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Words: | Submitted: Thu Nov 20 2003
... the traditional supporters of Liberalism- the middle class, the government brought nothing but bad news, refusing to recognise them as a rising class or extend the franchise to include them. It is especially important to them to place limits on government and codify rights and freedoms to prevent such transgression from occurring again. Liberals believe in the mechanics of free trade and laissez-faire when it comes to economics. Adam Smith argued that the economy works better when left alone and David Ricardo believed that it promoted trade. Free trade was something that united Liberals, classical and modern alike and had been in existence within the ideology since Cobden and the Repeal of the Corn Laws in 1846. It appealed to classical liberals because minimal state intervention increased their freedom to pursue their own self interests and economic activity. It appealed to the modern liberals because it eliminated the possibility for excessively ...
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