Market Liberalism

1
Market Liberalism

• In more detail

2
What we know already

• Economic markets in conjunction with democracy
  providing personal freedom (of sorts)
• Essentially capitalism
• Free markets
• Supply and demand
• Minimal intervention

3
Today we will

• Look at the role of the state
• Try to understand different perspectives of
  freedom
• Think about what liberalism means in general
• Understand how pluralism works within free markets

4
Pluralism

• Pluralism diversity of views which often stand
  in opposition to dominant view
• Economic Pluralism diversity of competition
  makes better economic system
• The more players you have the greater the results
  (competition is good)
• What examples can you think of where there is
  lots of competition and where there is little?
  What do you think is better?

5
Liberalism

• A belief in the importance of individual freedom
• Freedom from despotic rule
• Governments rule by consent
• Civil rights
• But critics argue that only the elite receive
  true freedom
• - Limited voting rights/ stuck in jobs

6
Economic liberalism

• Stress importance of free market/trade
• Favours privatisation in public sector
• But what about the welfare system?
• To be free, do you not need basics? What defines
  freedom to you?
• How far should the state go?

7

• Essentially this is all Democracy
• Democracy as a Dominant Ideology
• What is meant by this?
• set of common values and beliefs shared by most
  people in a given society, framing how the
  majority think
• What constitutes our view of democracy? How does
  it allow personal freedom? Can freedom be bought?

8

• Watch the clip on You Tube and dominant ideology
• Your task is to write a 200-300 word report on
  market liberalism in action using a media form as
  your example
• Try to include discussion on the following
• How do markets work -very basic eg supply and
  demand, markets value, cost etc
• What is capitalism and how does it operate in
  outline?
• What are the benefits of capitalism?
• Where does the individual and their freedom fit
  into this?
• Culture as a marketable and bankable commodity?
• Is a dominant ideology (viewpoint) being spread?
  How does this fit into debates about personal
  freedom?