Liberalism in the sense of a championing of liberal free markets. Extreme property accumulation is generally built on the oppression of past generations, so the idea of a liberal free market being ‘fair’ because it marks off the (worse) past exploitation as no long acceptable, but allows the extreme inequality that directly resulted from it to continue (and dominate the ‘fair’ free market), is, at the least, a questionable usage of the term ‘fair’.
Liberalism became a distinct movement in the Age of Enlightenment, gaining popularity among Western philosophers and economists. Liberalism sought to replace the norms of hereditary privilege, state religion, absolute monarchy, the divine right of kings and traditional conservatism with representative democracy, rule of law, and equality under the law. Liberals also ended mercantilist policies, royal monopolies, and other trade barriers, instead promoting free trade and marketization.
Liberalism in the sense of a championing of liberal free markets. Extreme property accumulation is generally built on the oppression of past generations, so the idea of a liberal free market being ‘fair’ because it marks off the (worse) past exploitation as no long acceptable, but allows the extreme inequality that directly resulted from it to continue (and dominate the ‘fair’ free market), is, at the least, a questionable usage of the term ‘fair’.
That’s an interesting definition of liberalism. Never heard it before.
It’s not a common usage in US English outside of academia.
Yeah I did some searching around and none of the definitions I found are consistent with yours.
https://en.wikipedia.org/wiki/Liberalism