Classical Liberalism

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The principles of classical liberalism are the rule of law, individual rights and freedoms, private property, economic freedom, self-interest and competition. The source did not directly indicate which principles it supports or rejects. However, it displays certain main ideas that refute and supports the principles of classical liberalism. In the source, the wealthy was portrayed to be selfish and is exploiting the lower class when the top man with most money tells everyone to step down one rung that will drown the bottom man with no employment. This selfishness stems from the principle of self-interest and competition that drives the free economy in classic liberalism. The source was from the labour party that is proposing a change and refuting

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