Modern Liberalism

1351 Words3 Pages

Hello Reverend Kobby,
I am so grateful to God you are alive to read this. Wow! 50 years old and you are still kicking in good health? I cannot wait to be like you. I cannot wait to graduate from Ashesi University College. This school is trying to tear me apart with regular intensive assignments and projects. Nevertheless, I believe God would see me through.
Reverend, do you remember your viral video on YouTube, where you expressed your support for Modern Liberalism among other panelists who were conservatives, anarchists, fascists and communists? Regarding how people change with time, I wonder if you are still a modern liberal. Over the months, I have gained insight studying these political ideologies and I support modern liberalism most among the other ideologies.
For me, being an economics enthusiast, I subscribe to this Microeconomics principle of Gregory Mankiw: A rational person thinks at the margin and goes with a decision with the least marginal cost. (Mankiw, 2011) For example, if all things are equal and a biscuit at Shop A costs GHC2 while that same biscuit at Shop B costs GHC3, as a rational person, I would buy the biscuit from Shop A instead of Shop B. Applying this principle to all the political ideologies explains my support for because I believe modern liberalism in practice has the least marginal cost compared to socialism, anarchism and conservatism.
Reverend, I hope you still remember why modern liberalism developed. Let me refresh your memory for the sake of doubt. Modern liberalism came about in the twentieth century with the aim of correcting the flaws of classical liberalism. Even though the achieved aims of classical liberalism in the nineteenth century brought wealth for some individuals through industria...

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Mankiw, N. G. (2011). Principles of Microeconomics (6th ed.). Stamford, CT: Cengage Learning.
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Rugolo, S. (2012, October 7). What Has Hugo Chávez Done for Venezuela Lately? Retrieved May 5, 2014, from http://reason.com/archives/2012/10/07/what-has-hugo-chavez-done-for-venezuela.
Smith, A. (1776). An Inquiry into the Nature and Causes of the Wealth of Nations. London, Scotland: W. Strahan and T. Cadell.
Svanberg, C. (2013, May 20). Chavez’s Socialism Has Been a Disaster. Retrieved May 5, 2014, from http://capitalismmagazine.com/2013/05/chavezs-socialism-has-been-a-disaster.

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