| rdfs:comment | - In general, liberals agree that Free market Economies are the worst kind of economies except for all the other types of economies. That's right folks, most liberals actually see Free Market Economies as the preferred economic system. That being said, most liberals also accept that the tendency of Market economies is to move away from freedom, to seek to restrain competition and create Monopolies, to seek government support, and to generate unpaid external costs. Liberals generally tend to be pragmatic rather than dogmatic in that they accept the utility of free markets without embracing the destructive "hands off", Laissez-faire dogma of Conservatives and Libertarians. Some liberals believe that the price of freedom is eternal vigilance, eternal vigilance in markets as well as political in
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| abstract | - In general, liberals agree that Free market Economies are the worst kind of economies except for all the other types of economies. That's right folks, most liberals actually see Free Market Economies as the preferred economic system. That being said, most liberals also accept that the tendency of Market economies is to move away from freedom, to seek to restrain competition and create Monopolies, to seek government support, and to generate unpaid external costs. Liberals generally tend to be pragmatic rather than dogmatic in that they accept the utility of free markets without embracing the destructive "hands off", Laissez-faire dogma of Conservatives and Libertarians. Some liberals believe that the price of freedom is eternal vigilance, eternal vigilance in markets as well as political institutions. While many prefer free markets, they usually also believe that markets can only be free with government intervention, and that government has a vital role in not only fostering private property and business, but also defending individuals and common property. Businesses as a group tend to value their own profit more than public welfare leading to selfish behaviour in very many different areas. Unregulated businesses tend to create Environmental pollution, for example, they deceive consumers and they exploit workers. Liberals tend to favour limited state intervention to protect the public from corporate greed and exploitation. Social democrats tend to favour greater state intervention which liberals sometimes call Nannyism or the Nanny State.
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