Classical liberalism is actually a nice concept if it's taken the right way. There's a big difference between a big company lead by greed, and for example a startup were the most creative engineer is the one leading the way. If only big companies and governments could work that way. Instead freedom is good only for the powerful few, and the ones doing all the great work are little more than slaves.

Ortega y Gasset thought that liberalism meant basically respect for those few among us that are clearly more talented are deserve having a say. Freedom for those that have gained it. Ortega was not against democracy, or freedom for the general population. The thing is that for Ortega freedom for humans was synonymous with responsibility.