In the Western world there are conservative liberals, liberal liberals, and radical liberals, says David T. Koyzis, but all adhere to the basic principles of liberalism:

The liberalism of Thomas Hobbes and John Locke. Of Thomas Jefferson and John Stuart Mill. After all, the Declaration of Independence is a liberal document, unquestioningly accepting that popular consent stands at the origin of political authority. As Alasdair MacIntyre has put it, in the Western world there are conservative liberals, liberal liberals, and radical liberals, but all adhere to the basic principles of liberalism.

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France elected a new president yesterday, the socialist Francois Hollande who has vowed to rein in “Anglo-Saxon” capitalism and dramatically raise taxes on the “rich.” Voters turned out Nicholas Sarkozy, the flamboyant conservative whose five-year term was undermined by Europe’s economic crisis, his paparazzi-worthy lifestyle and a combative personality. But Sarkozy’s defeat exposes “a crisis of identity and purpose that presently afflicts much of Europe’s center-right,” according to Acton Research Director Samuel Gregg in a new analysis on The American Spectator.

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