Is Liberalism Merely The Ideological Justification For Capitalism Humanities Essay

1040 words - 5 pages

Is liberalism merely the ideological justification for capitalism?
In this essay I intend to outline the argument by which affirms liberalism to be an ideological justification for capitalism. Evident to this, it is clear that liberalism interconnects with the economic infrastructure of capitalism through the means of private ownership of property and largely the free market. Many key intellectuals such as, Locke and John Stuart Mill shed evidence to this relationship in their writings.
In order to develop this argument, I will initially outline the way in which capitalism is a necessary condition and a bi-product for a liberal democracy to work and flourish. Liberalism is a political ideology, whereas capitalism is an economic ideology. Zuckert introduces how the issues of liberty over ownership of property and the free market, can be mirrored in the ethos of capitalism ‘the emphasis on rights of liberty, free labour, property, and contract is tremendously supportive of markets and capitalist interests.’[footnoteRef:1] It is clear that both systems heavily rely on the institutional framework of the state to guarantee a seamless working political and economic system, as one cannot work without the other. Locke, a major liberal thinker, also holds this position as he argues that the state or government should protect a person’s right to property regarding these fundamental principles, ‘Individuals have the right to dispose of their own labour and to possess property. The right to property is a right to ‘life, liberty, and estate’[footnoteRef:2]. Capitalism is also dependent on property rights, this is supported by Rubin and Klummp: “capitalism cannot exist without property rights”[footnoteRef:3] These interpretations, albeit simplistic gives us a clear indication that there is an interrelation between x and y. [1: Zuckert, Michael P. “Judicial liberalism and capitalism: justice field reconsidered.” Social Philosophy and Policy 28.2 (2011): 102–134. ] [2: Held, David. “Models of democracy” p63] [3: Rubin, Paul H., and Tilman Klumpp. "Property Rights and Capitalism." Oxford Handbooks Online. 2012-11-21. Oxford University Press. ]
Capitalism serves a system of laissez-faire[footnoteRef:4], enforcing a scheme of private economic rights and liberties within a system of free competitive markets designed to achieve conditions of economic efficiency in both the allocation and distribution of income and wealth. Major liberal thinkers believed that to uphold and maintain freedom that a free market would have to exist, Mill concluded that: “‘English liberalism’: the state was to have the role of umpire or referee while individuals pursues in civil society. According to the rules of economic competition and free exchange”[footnoteRef:5]. Liberals would therefore support the view that without a capitalist system, maintaining the opportunity for income and wealth, it would remove an individual’s right to freedom: “Liberalism interpreted this in different...

Find Another Essay On Is liberalism merely the ideological justification for capitalism - Humanities - Essay

The Limited Justification for Abortion Essay

1230 words - 5 pages The Limited Justification for Abortion Abortion has been one of the hottest political issues over a number of years. The issue of abortion is a huge debate between pro-lifers, people against abortion, and pro-choicers, people who support abortion. Since the Roe v. Wade court case in 1973, which legalized abortion, laws dealing with abortion have been altered in each individual state. Due to these laws, organizations such as the National

The Justification for Staying Private Essay

1386 words - 6 pages The Justification for Staying Private In at least three different poems Emily Dickinson shows her thinking about being a public person. In “This is my letter to the world,” (519) the speaker says she wants to be private, but to fully understand why she wants this, the reader must look at two other poems. The reader must turn to an earlier poem, “I’m Nobody,” (260) and surprisingly, in order to grasp poem 260, a later poem, “Publication - is the

Is religion a justification for fighting?

751 words - 3 pages maintain a strong, central, and stable government. Those are the few positive aspects of a religion justifying and regulating a civilization's society. (Doc 3) In the book of Joshua, the people had triumphantly taken the city and devoted the land to the Lord. This is another example of a religious belief that serves as a justification of war. The people were motivated thinking this was their duty for God and will automatically receive a free pass to

How plausible is the claim that there is no moral justification for warfare?

1149 words - 5 pages they believe that: "By instituting reliable international law, collective security, and transnational 'hospitality,' republics create a new peace whose expansion offers the prospect of an eventual perpetual and universal peace." (Doyle). This stems from the liberals more positive view of mankind. Commercial liberalism believes that with the people in control of the government, as it is the people who vote for the government, there will be inherent

There is No Justification for the Terror in the U.S.S.R. in the 1930's

1838 words - 7 pages There is No Justification for the Terror in the U.S.S.R. in the 1930's I agree more with the statement ‘There can be no justification for the “terror” in the USSR in the 1930’s. It was motivated purely by Stalin’s lust for power.’ However, I can understand why one could say that terror was essential for the survival of the new

The following essay analyzes two articles arguing for the importance of literary aestheticism as an adjunct to ideological critique

2253 words - 9 pages for its production, and indeed everything in society that can be read as a "text", are multifarious and have a profound impact on those who "read" them. However, despite the agreement about the many functions that literature performs, there is striking dissension over the existence and degree of such things as overt and implicit ideological and political agendas, the value of literature as a product entirely free of such agendas, the qualities

"The Case for Liberalism," by George McGovern

330 words - 2 pages In "The Case for Liberalism," George McGovern refutes the notion that being 'liberal' is a negative thing. His essential thesis is that liberal ideals--believing in the good of humanity, wanting progress, being dedicated to democracy and peace--are admirable traits emulated in former presidents Wilson, Franklin Delano Roosevelt, and Lincoln; one main goal of his article is to show how the Bush administration does everything but these things

The Final Frontier Is Humanities Future

957 words - 4 pages The debate about space exploration has been raging on for decades, people on both sides of the issue vehemently arguing their point of view. However despite the possible risk space exploration has the potential to change humanity for the better, and doing so is well worth the risk. This essay will elaborate some of the plethora of ways that space exploration could benefit mankind. Overpopulation is fast becoming a serious problem on earth, the

This Essay Is A 1 Page Biography On Adam Smith, The "Father Of Capitalism"

281 words - 2 pages Adam Smith, who is considered the father of capitalism, was born in Scotland in 1723. After turning fifteen, he attended Glasgow University, where he studied moral philosophy. Two years later he proceeded on to Balliol College. While in Edinburgh, he began giving public lectures.In 1751, he was named professor of logic at Glasgow, and then appointed chairman of moral philosophy a year later. He lectured on such topics as ethics, rhetoric

What is Capitalism?, This essay defines capitalism by using examples written in essay form

1058 words - 4 pages . Mercantilism involves the distribution of products in order to obtain a profit. Products are bought for a certain price somewhere and are then sold at a higher price somewhere else. Over time in Europe, mercantilism evolved into capitalism. As with mercantilism, capitalism is the large-scale realization of achieving a profit by selling goods for more than they were paid for originally. Distribution of wealth, freedom, free-competition and a limited

Discuss the statement ‘The world is becoming a richer place, but not a fairer one.’ - Humanities - Essay

919 words - 4 pages The world is becoming a richer place, but not a fairer one. Fairness means equal opportunity for everyone, but economic growth does not always lead to fairness. When the world becomes a richer place it is possible for it to be fairer for individuals as well as countries overall, however, inequalities can arise as a result of this and the world getting richer can have adverse affects on the environment. In theory, if the world is a richer place

Similar Essays

The March Of Nazism: The Theoretical And Ideological Justification Of Violence In Nazi Germany

2743 words - 11 pages finality. While the military aspects and campaigns of the Second World War have been studied with great detail and little room for improvement, the theoretical and ideological justifications of the war are more vague. The ideology of Nazi Germany is often demonised without enough attention being paid to why the Nazis fought; what was the society they sought to create? What was the reasoning behind the pursuit of territory and power that characterised

Shopping Is Not Merely The Acquisition Of Things, It Is The Buying Of Identity Nottingham Trent University Essay

2024 words - 9 pages Emily Allen, N0634051 ‘Shopping is not merely the acquisition of things, it is the buying of identity’ (Clammer qtd in Lewis and Bridger, 2001: 103). Discuss with reference to your own examples. We are regularly told that we live in a time of freedom and choice, that freedom and choice are connected, and that we are ‘free to choose’ hence why shopping has become the buying of identity, and not just simply the acquisition of things. In the early

The Foundation For Capitalism Essay

1394 words - 6 pages describe the social system in which we live and operate in on a daily bases. The foundation for capitalism is the social system. This social system exists in all countries, cultures, religions, and aspects of the world. Within capitalism you have a division of classes or groups of people, the capitalist class and the working class. It is presumed that capitalism is essentially, a free market economy. This may or may not be true because it is possible

Is Capitalism The Most Beneficial Economic System? Business 101 Essay

1109 words - 5 pages Introduction: There are many economic systems and sub-systems that have been implemented around the world. These theories can be broken up into three major economic systems: socialism, communism and capitalism. This essay will define and provide examples of each economic system. It will discuss why capitalism is the most beneficial system and briefly explain how capitalism that is based on ethics has the potential to evenly distribute the