Pros and Cons of Liberalism

Disadvantages of liberalism: exacerbates polarization between rich and poor, leads to lack of demand, promotes greed and predation, and accumulates systemic risk.

Pro's of Liberalism: Liberalism has an open and fair electoral system that gives all citizens equal rights to hold political office. Libertarianism rejects many of the earlier dominant political structures, such as the divine right of kings, hereditary systems, and state religion. Libertarianism's basic human rights claims are the right to life, the right to liberty, and the right to property.

Libertarianism seeks a society that protects the individual's freedom of thought, laws that limit the government's use of power, concepts that guarantee free trade, a market economy that supports private enterprise, and a transparent political system that safeguards the rights of minorities.

Expanded:

Libertarians advocate that the political, economic, and social life of the state should be aimed at preserving the freedom of the individual, and that they oppose any form of tyranny. Life, liberty, and property are fundamental and inalienable rights of the citizen, whether of the state, of the church, of social custom, or of public opinion.

Citizens have the right to a wide range of liberties within the limits permitted by law, the state shall practice representative democracy, the power of the state must be limited, and the state shall practice the rule of law and the separation of powers for the protection of citizenship.

The word liberalism is derived from the Spanish word "Li-berales", which was first used as the name of the Spanish Liberal Party in the early 19th century to denote the party's eclectic approach to politics, which was neither radical nor conservative, and then became widely popular in Europe and North America as a synonym for a bourgeois school of thought. synonym for a bourgeois school of thought.

Baidu Encyclopedia - Liberalism