Question

In: Economics

How do you evaluate the intensified battle between Liberalism and Conservatism in the 1990s?

How do you evaluate the intensified battle between Liberalism and Conservatism in the 1990s?

Solutions

Expert Solution

Both the Liberalism and Conservatism offer political, social and economic philosophies based on their ideologies. The battle between liberals and conservatism intensified in the 1990 s due to their different ideologies. While the liberals believe in the changes, conservatives believe in reserving the glory of past. Conservatism wants to preserve social stability by firmly holding age old traditions like religion, parliamentary government, property rights etc from the context of culture and civilization. Liberalism try to defend social, economic and political rights of individuals by minimising the role of government. Liberalism was the most supported and accepted ideologies in the western world in the 1990 s as its ultimate goal was to promote individual liberty. This ideology believe that human being is the most rational, intellectual and competitive living being on the earth. Hence they stress that every citizen has the right to work on their own without any government intervention which make them free from any social, political and personal freedom. But conservatism believe government intervention for political and social harmony of a nation as individuals need to be taught moral values and ethics without which there would be anarchy everywhere. So in 1990s when there was economic liberalisation everywhere, liberals wanted privatisation where the ownership of economic resources would be transferred to the private sectors which would minimise state control ensuring economic expansion. But conservatives believed that privatisation of resources would result in the failure of government as it help in concentration of wealth in few hands leading to economic crises.


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