put it this way Classical Liberalism(Part of a series on Capitalism) rejects all government intervention in economical matters and rejects Modern US Pseudo Liberalism as we know as US Liberalism today.<quoted text>
Could you define what you think Classic Liberalism is?
Classical liberalism is a political philosophy and ideology that emerged as a response to the Industrial Revolution and urbanization in the 19th century in Europe and the United States. It shares a number of beliefs with other belief systems belonging to liberalism, advocating civil liberties and political freedom, limited government, rule of law, and belief in free market. Classical liberalism is built on ideas that had already arisen by the end of the 18th century, such as selected ideas of Adam Smith, John Locke, Jean-Baptiste Say, Thomas Malthus, and David Ricardo, stressing the belief in free market and natural law, utilitarianism, and progress. Classical liberals were more suspicious than conservatives of all but the most minimal government and, adopting Thomas Hobbes's theory of government, they believed government had been created by individuals to protect themselves from one another.
Classical Liberalism vs. Modern Liberalism and Modern Conservatism
Classical Liberalism as an Ideology
Classical liberalism was the political philosophy of the Founding Fathers. It permeates the Constitution, the Federalist Papers and many other documents produced by the people who created the American system of government. Many emancipationists who opposed slavery were essentially classical liberals, as were the suffragettes, who fought for equal rights for women.
Basically, classical liberalism is based on a belief in liberty. Even today, one of the clearest statements of this philosophy is found in the Declaration of Independence. In 1776, most people believed that rights came from government. People thought they had only such rights as government elected to give them. But following British philosopher John Locke, Jefferson argued that its the other way around. People have rights apart from government, as part of their nature. Further, people can both form governments and dissolve them. The only legitimate purpose of government is to protect these rights.
The 19th century was the century of classical liberalism. Partly for that reason it was also the century of ever-increasing economic and political liberty, relative international peace, relative price stability and unprecedented economic growth. By contrast, the 20th century was the century that rejected classical liberalism. Partly for that reason, it was the century of dictatorship, depression and war. Nearly 265 million people were killed by their own governments (in addition to all the deaths from wars!) in the 20th century more than in any previous century and possibly more than in all previous centuries combined