Identifying Political Ideologies Based on Economic Regulation

In modern political discourse, the concept of political ideologies plays a significant role in shaping the platforms of political parties in the United States. While ideologies can vary greatly, two major strands often identified are liberalism and conservatism. These ideologies inform beliefs on economic policies, social issues, and the role of government.

Examine the following statement: "The government should play a significant role in economic regulation to ensure fairness and equality among citizens." Which political ideology most aligns with this statement?