Something that people like Ann Coulter and other neoconservatives misrepresent. The Green and Libertarian parties both embrace the philosophy of liberalism.
Liberalism has nothing to do with economy. It is completely independent of capitalism or any other economic system. Liberalism is a strictly social philosophy.
It is the opposite of authoritarianism.
It is also NOT the opposite of conservatism.
Under liberalism, the government has little role in regulating social affairs. Under liberalism, the government exists to protect liberties, not take them away.
"Liberalism is a political current embracing several historical and present-day ideologies that claim defense of individual liberty as the purpose of government. It typically favors the right to dissent from orthodox tenets or established authorities in political or religious matters. In this respect, it is sometimes held in contrast to conservatism. Since liberalism also focuses on the ability of individuals to structure a society, it is almost always opposed to totalitarianism, and often to collectivist ideologies, particularly communism." - Wikipedia.com
The Bill of Rights is a product of liberalism.
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