Modern liberals argued that the government has responsibility for delivering welfare services (e.g. health, housing, education, pensions)
The government needs to somewhat regulate the economy too
Modern liberalism promotes an ideology of enabling state; social and economic intervention endorsed by the state that promotes personal development
Modern liberalism is also connected with the economic ideas of John Maynard Keynes
- Keynesianism: is an economic theory relating to total spending in the economy and the effects on output and inflation. Keynes advocated increased government expenditure and lower taxes during the Great Depression to revive the economy.