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political-economy

Historical Dynamics of Liberalism: From Total Market to Total State

The purpose of this essay is to critically examine the historical dynamics of liberalism and its impact on contemporary Western polities. This essay will argue a) that liberalism today provides a comfortable ideological "retreat" for members of the intellectual élite and decision makers tired of the theological and ideological disputes that rocked Western politics for centuries; b) that liberalism can make compromises with various brands of socialism on practically all issues except the freedom of the market place; c) that liberalism thrives by expanding the economic arena into all aspects of life and all corners of the world, thereby gradually erasing the sense of national and historical community which had formerly provided the individual with a basic sense of identity and psychological security. This essay will also question whether liberalism, despite its remarkable success in the realm of the economy, provides an adequate bulwark against non-democratic ideologies, or whether under some conditions it may actually stimulate their growth.