Economic progressivism in the context of "Economic philosophy"

Play Trivia Questions online!

or

Skip to study material about Economic progressivism in the context of "Economic philosophy"

Ad spacer

⭐ Core Definition: Economic progressivism

Economic progressivism or fiscal progressivism is a political and economic philosophy incorporating the socioeconomic principles of social democrats and political progressives. These views are often rooted in the concept of social justice and have the goal of improving the human condition through government regulation, social protections and the maintenance of public goods. It is not to be confused with the more general idea of progress in relation to economic growth.

Economic progressivism is based on the idea that capitalist markets left to operate with limited government regulation are inherently unfair, favoring big business, large corporations and the wealthy. Progressives believe that a fair market should result in a normal distribution of wealth, but in most countries the wealthy earn heavily disproportionate incomes. Hence, progressives advocate controlling the markets through public protections that they believe will favor upward mobility, diminish income inequality and reverse marginalization. Specific economic policies that are considered progressive include progressive taxes, income redistribution aimed at reducing inequalities of wealth, a comprehensive package of public services, universal health care, resisting involuntary unemployment, public education, social security, minimum wage laws, antitrust laws, legislation protecting workers' rights and the rights of trade unions and a welfare state.

↓ Menu

>>>PUT SHARE BUTTONS HERE<<<
In this Dossier

Economic progressivism in the context of Progressivism

Progressivism is a left-leaning political philosophy and reform movement that seeks to advance the human condition through social reform. Adherents hold that progressivism has universal application and endeavor to spread this idea to human societies everywhere. Progressivism arose during the Age of Enlightenment out of the belief that civility in Europe was improving due to the application of new empirical knowledge.

In modern political discourse, progressivism is often associated with social liberalism, a left-leaning type of liberalism, and social democracy. Within economic progressivism, there is some ideological variety on the social liberal to social democrat continuum, as well as occasionally some variance on cultural issues; examples of this include some Christian democrat and conservative-leaning communitarian movements. While many ideologies can fall under the banner of progressivism, both the current and historical movement are characterized by a critique of unregulated capitalism, desiring a more active democratic government to take a role in safeguarding human rights, bringing about cultural development, and being a check-and-balance on corporate monopolies.

↑ Return to Menu

Economic progressivism in the context of Socially liberal

Cultural liberalism is a social philosophy which expresses the social dimension of liberalism and advocates the freedom of individuals to choose whether to conform to cultural norms. In the words of Henry David Thoreau, it is often expressed as the right to "march to the beat of a different drummer". Also known as social liberalism in the United States and Canada, while cultural progressivism does overlap with cultural liberalism, it does not mean exactly the same thing as cultural liberalism. Cultural liberalism can be thought of as emphasizing a balance between positive liberty and negative liberty, whereas cultural progressivism can instead be seeing as prioritizing social justice and social equality over individual freedom.

The United States refers to cultural liberalism as social liberalism; however, it is not the same as the broader political ideology known as social liberalism. In the United States, social liberalism describes progressive moral and social values or stances on socio-cultural issues such as abortion and same-sex marriage as opposed to social conservatism. A social conservative or a social liberal in this sense may hold either more conservative or progressive views on fiscal policy.

↑ Return to Menu