Etymology:
Meaning and Origin:
Interventionism is a political and economic doctrine that advocates for the intervention of the government in the affairs of private entities or other countries, especially in the form of economic or military actions.
The origins of interventionism can be traced back to the mercantilist policies of the 17th and 18th centuries, which sought to promote domestic industries and protect them from foreign competition through government subsidies and tariffs.
In the 19th century, classical economists such as Adam Smith advocated for free markets and limited government intervention. However, by the late 19th and early 20th centuries, there was a growing disillusionment with laissez-faire capitalism, which led to a resurgence of interventionist ideas.
Keynesian economics, developed by John Maynard Keynes in the 1930s, provided a theoretical justification for government intervention in the economy during economic downturns. Keynes argued that government spending and fiscal policies could stimulate aggregate demand and help to reduce unemployment.
After World War II, interventionism became the dominant economic philosophy in many developed countries, especially in Europe. Governments used fiscal and monetary policies to promote economic growth, maintain price stability, and provide social welfare programs.
In the late 20th and early 21st centuries, there has been a resurgence of classical liberal and libertarian ideas that advocate for less government intervention. However, interventionism remains a significant force in economic and political discourse.
Etymology Latin intervenire to come between Inter between venire to come
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