Market Liberalism In more detail
What we know already
- Economic markets in conjunction with democracy providing personal freedom (of sorts)
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
- 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?
- A belief in the importance of individual freedom
- Freedom from despotic rule
- Governments rule by consent
- But critics argue that only the elite receive true freedom
- - Limited voting rights/ ‘stuck’ in jobs…
- 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?
- Essentially this is all Democracy
- Democracy as a Dominant Ideology
- 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?
- 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?