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Liberal Democracy

Classical Liberalism & Libertarianism
Neoliberalism

​Liberal democracy
is a political system characterized by several core principles:
    
    -Popular sovereignty: Government derives its legitimacy and authority from
     an implicit social contract among consenting citizens who elect their leaders
     through democratic procedures;


    -The rule of law: All citizens should be treated equal under the law, no
     person
 is above the law, and all citizens have a civic responsibility to follow
     and uphold the law;
    
    -Limited government: All government power and democratic authority are
     restrained by a division of power and systems of checks and balances
     provided by a constitution;

    -Public-private distinction: There is a "wall of separation" between the
     legitimate jurisdiction of the political state (public sphere) and that of the
     community, church, family, and/or individual (private sphere) that generally
     restrains public authority (other than the protection of basic individual
     rights) for the preservation of private autonomy;


    -Self-determination: If citizens become convinced that their government does 
     not represent their interests, they have the right to revise or withdraw consent
​     from their social contract
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