American vs Classical Liberalism: Definition, Examples, Thinkers

Liberalism is considered to be an ideology whereby liberty, equality before law and consent of government and equality before the law. This article mainly focuses on Classical Liberalism and Modern Liberalism and how they are different from one another. Classical Liberalism   Classical Liberalism is considered to be a political Ideology that propagates the concepts … Read more

“Discipline and Punish: The Birth of the Prison” by Michel Foucault

Book Review on “Discipline and Punish: The Birth of the Prison” by Michel Foucault Who is Michel Foucault? Foucault was a 20th-century French philosopher, literary critic, political activist, and writer. His theories are essentially concerned with the relationship between power and knowledge and the ways in which they perform a function of social control by … Read more

Privatization: Objectives, Methods, Advantages and Disadvantages

Privatization: In the year 1991, India faced the most terrific calamity, a financial crisis. The Public Sector Undertakings were under losses and that became the reason behind the birth of LPG (Liberalization, Privatization, and Globalization). What do you mean by privatization? Privatization is simply the contracting of the business agencies, enterprises, or industries from government … Read more

Liberalism and Neoliberalism: Difference Between Them

Liberalism refers to neo-classical liberalization which appeared in the works of Locke, Smith and Ricardo. It promoted Laissez-Faire (the French word for “Let one do what they want to”) and emphasized on free markets. Although neoliberalism originates from liberalisation and apparently withholds all its objectives, or has been subjected to several scholarly debates. Both of … Read more