Liberalism

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Liberalism

The philosophy that one ought to be able to do what one would like provided it does not hurt another person. It was conceived in the 19th century primarily as an economic and social philosophy espousing religious liberty, the free market, and capitalism. In the 20th century, it became associated with the left, especially in the United States, due to a concern for social justice. As a result, a liberal tends to favor regulation of private enterprise. However, adherents to what is sometimes called "19th-century liberalism" or "European liberalism" are presumably more amenable to the free market.