justice would be most required. Thus, such an effort is made in this discussion to comprehend three of the most prominent theories of the modern world. As a first step, let us understand them in their popular definitions to initiate the discussion. Liberalism, as opposed to Marxism and Neo-Conservatism, is a "political theory founded on the natural goodness of humans and the autonomy of the individual and favouring civil and political liberties, government by law with the consent of the governed, and protection from arbitrary authority [and] An economic theory in favour of laissez-faire, the free market, and the gold standard" (Liberalism. 2008).
Now, to understand another major modern theory, Marxism can be well defined as the "political and economic philosophy of Karl Marx and Friedrich Engels in which the concept of class struggle plays a central role in understanding society's allegedly inevitable development from bourgeois oppression under capitalism to a socialist and ultimately classless society" (Marxism. 2008).
Another major political philosophy that came out, mainly in the US, as a rejection of social liberalism and the New Left movements is the Neo- Conservatism which is difficult to be defined, yet may be understo ...Show more