- You are horrified at our intending to do away with private property. But in your existing society, private property is already done away with for nine-tenths of the population; its existence for the few is solely due to its non-existence in the hands of those nine-tenths.
The term “liberalism” is derived from the Latin word “libertas” meaning freedom. Liberal ideology has remained the same throughout centuries and shows no signs of change in terms of its essence, importance and meaning. It is hard to determine a precise time of emergence of this ideology – it has rather existed all the time as there have always been reasonable, intelligent and rational persons – but it is clear that it was already in existence at the end of the 18th century.