Yes, Classical liberalism is indeed somewhat closer to what we would call libertarianism today:
http://en.wikipedia.org/wiki/Classical_liberalism
Agreed. In fact, it is my opinion that it plainly clear that property rights and a degree of autonomy for both citizens and business creates economic growth the likes of which the world has never known prior. No nation that fails to provide protection for intellectual and real property, as well as an environment conducive to thrift, entrepenurship and hard work can begin to compete with nations that do.
That said, it is also arguable that a degree of regulation is critical to keep corporations from engaging in unfair business practices and monopolies that would otherwise tend to restrict the "invisible hand" of competition. Regulation is also necessary to ensure some degree of protection from the exploitation of laborers.
The advancement of genetics has once and for all dispelled the spurious notion that rich people are in anyway superior genetically. The simple fact is that talent and genius is varied across all classes of citizens. In order to ensure that the capabilities of the poor are not wasted it is important to give the disadvantaged help to develop and thus capitalize from their talent and genius (rich people do this for their children). The American dream is the promise of equal opportunity for all to pursue happiness and to be the best citizens that they can.
The environment in which one is born and raised is the single greatest predictor of success. It is not as is so frequently claimed simply a matter of hard work, thrift and investment (though those traits can and do play a critical role). Poor people work from dusk til dawn cleaning toilets, digging ditches, picking crops, etc.. Many of them were born with genetic precursors that had they been born in to a better environment society could have benefited from their talent.
Finally, nations highest in
Economic Freedom,
Human Development or any other objective measurement are those that provide generous social services.
Correlation does not imply causation. The explanation for the apparent correlation could simply be that humans have empathy and when their national wealth rises, nations simply have more resources and thus the luxury to indulge their empathy and compassion.
The problem with that thesis is that there is a scientific model that explains and predicts that providing generous social services results in greater success and that the overall fitness of a group happens because of and not in spite of social services.
Evolution generally and reciprocal altruism both explains and predicts that social species are advantaged over non social species when it comes to flourishing and the rise of a nations wealth.
Evolution predicts that desirable traits are selected for. Researchers like Frans De Waal have shown that social species have hard wired in their brains morality hard wired in their brains. Kinship and caring for non-familial members of the group gives them an advantage over solitary species.
Social species suffer stress when they are surrounded by poverty and depredation. People have a higher degree of well-being when they live in societies where suffering is reduced, the environment is clean, crime is low and the vulnerable are cared for. This has been confirmed through
field research and mathematical models [ibid], particularly game theory.
Perpetuating social classes benefits both those with talent and drive and also those who are less able to contribute skills and ideas to the community. Social classes also harm those at the bottom rungs of the economic ladder making it harder for them to develop their otherwise genetic advantages to the betterment of society.
Conclusions:
- The incentive of wealth is a powerful motivator to spur investment, innovation and productivity. This is true because unlike ants humans are individuals with individual needs, desires, hope and dreams.
- aSocial services is a powerful means of providing a healthy society high in well-being across all social strata in which both poor and rich can thrive. b providing generous social services dramatically increase the likelihood that someone born with talent and/or drive can take advantage of those skills to contribute to a better society.