Final answer:
Free trade liberalism is a facet of classical liberalism, advocating for minimal government intervention in trade and emphasizing corporate freedoms in contemporary neoliberal policies. It values economic freedom and capitalism, and while historically it expanded individual rights, modern neoliberalism often emphasizes corporate interests.
Step-by-step explanation:
What is Free Trade Liberalism?
Free trade liberalism, traditionally associated with classical liberalism, advocates for minimal governmental intervention in international trade. Classical liberalism emerged in the 18th century focusing on individual liberties, natural rights, and economic freedom which favored capitalism and the freedom of private individuals to trade goods and services across national borders within the moral limits of natural law. The Enlightenment era influenced these ideas, which were focused on expanding the rights and liberties of people, often against the power of governments. However, in contemporary times, the term neoliberalism has emerged, featuring a set of economic policies that protect corporate interests and property rights, which some suggest prioritizes corporate freedoms over individual rights.
The term 'neoliberalism' is often used to describe globalist trade policies. It encompasses a range of economic strategies, including the reduction of trade deficits, deregulation, and privatization. This ideology, sometimes called market fundamentalism, is implicated in frameworks like the Washington Consensus, which advocates for liberalized trade and investment policies globally. Contrary to the original liberal values of expanding individual liberties, modern neoliberal policies often emphasize the liberties of corporations and private investors, sometimes overshadowing the interests of the general populace.