Liberal Democracy (French: Démocratie libérale, [demɔkʁasi libeʁal], DL) was a conservative-liberal[1][3] political party in France which existed from 1997 to 2002.

Led by Alain Madelin, it replaced the Republican Party (PR), the classical liberal component of the Union for French Democracy (UDF).

The immediate cause of this departure was Liberal Democracy's refusal to condemn the election of four UDF president of Regional Councils with the votes of the National Front.

[7] Thus, Liberal Democracy voted on 16 May 1998 to become a separate party,[8] with Madelin launching the 'Ten Tough Choices' programme advocating transforming the political debate in France.

At the June 2002 legislative election, DL competed in alliance with the Rally for the Republic and other Chirac supporters as the Union for the Presidential Majority (UMP).

[13] Madelin had been fired as Minister of the Economy and Finances in Alain Juppé's government for proposing cutting public sector pay and benefits.

[5] The party strongly opposed the dominance of École nationale d'administration in public life, with its MPs calling in 2002 for its funding to be halved.