POL 128 Lecture Notes - Lecture 9: Classical Liberalism, Political Spectrum, Industrial Revolution

• School: Ryerson University
• Department: Politics and Public Administration
• Course: POL 128
• Professor: Joseph Zboralaski

Document Summary

More government involvement on the extreme left side, more government involvement on extreme right side. Communism (they want to get rid of capitalism) Neo conservatism/neo liberalism the solution to our economic problems is to go back to pure capitalism: believe smaller government is better. Economically, you have the fundamental right to own public property and dispose of it any way you see fit. 19th century had more wealth created than ever before. The response to the bad effects of capitalism was socialism and welfare liberalism. Welfare liberal said we need to redefine the definition of freedom; (cid:862)the ability of capacity to do things that are worth doing(cid:863) Introduction of progressive taxation aka the more money you have the more money you have to pay in taxes. Money earned from these taxes goes towards 1) public education 2) pensions 3)welfare 4) public health.