The paper attempts identifying and analyzing one of the directions of the evolution of the modern Western-style democracy in conditions of information and telecommunication revolution and globalization. The main attention is paid to the trends of reviewing and re-evaluation of some basic values, principles and guidelines of the new liberalism, which during the 20th century served as the basis of political democracy. The author substantiates the thesis that a part of the Western intellectual establishment and political elite tries to regenerate liberalism into libertarianism, and the extreme variants of human rights and freedoms are dominating in the in the contemporary interpretation of democracy.