To: Dayuhan who wrote (82288 ) 6/21/2000 4:24:00 AM From: nihil Read Replies (1) | Respond to of 108807
Historically, of course, the Liberal Party in UK was a party of free trade and international peace and friendship. The Conservatives in the latter half of the 19th Century were imperialist (Disraeli). When the Liberals took over in the early 20th century under Campbell-Bannerman and later Asquith and Lloyd George and Churchill -- they adopted the foundations of the welfare state (old-age pensions, unemployment insurance, medical insurance, public housing etc) that 30 years later formed the foundation of the U.S. New Deal. The Liberals were never socialists or social democrats (although Labour cooperated in much of the legislation). They were totally committed to capitalism, the welfare state, collective bargaining, and free trade (exactly like the New Deal). The economic question was always whether these objectives were compatible. Marx and the Social Democrats denied the possibility. Conservatives usually doubted the compatibility. The world-wide economic collapse in the 1930's destroyed capitalism in most of the world. It is useless to argue that capitalism caused the collapse. The collapse was over-determined. The bare survival of capitalism even in mangled form in the US and UK and their victory in World War II was remarkable. The failures of the US and UK to prepare for war in contrast to the success of the Nazi and Soviet preparations suggest a serious deficiency in the foresight of democratic capitalistic governments. The action of the US government in rescuing Europe and Japan, and their astounding economic recovery in capitalistic form dominated the last half of the century. The drive for economic cooperation and trade, the defensive alliances of the west, the drive for human rights which eliminated many of the most objectionable parts of colonialism and capitalism provide some hope that countries with capitalistic production, welfare state, free collective bargaining, and openness to trade could provide a high degree of personal freedom and security, international cooperation and peace, and prosperity. In this sense, the program of the early 20th century liberals seem to have come close to fruition for the world.