What is the general view held by liberals about the state?
The state is needed for law and order and to protect the vulnerable.
What view is held by liberals on powerful state?
They mistrust it because humans are self-seeking and may abuse this power.
What type of state do liberals as a whole support?
Limited government, with checks and balances. Largely favour constitutionalism and Bill of Rights.
What is laissez-faire capitalism?
View that self-interest drives the economy and businesses thrive better with no state intervention.
Who proposed laissez-faire capitalism?
Adam Smith