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Answer:
Liberalism, in all its tepid varieties, is a political system that assumes an economy is organized under some capitalist model; socialism, since it is not a political but rather an economic model, stands in opposition to liberalism as it is by definition non-capitalist.
Explanation:
The difference between liberal politics and socialist economics is given below.
Liberal politics:
- A political and moral ideology known as liberalism is founded on individual liberties, freedoms, the consent of the governed, and equality before the law.
- Depending on how they interpret these tenets, liberals hold a wide range of opinions, but in general, they back private property, a market economy, individual rights (including civil and human rights), liberal democracy, secularism, the rule of law, economic and political freedom, freedom of speech, freedom of the press, and religion.
Socialist economics:
- In contrast to a capitalist economic system, which produces products and services to create profit, a socialist economy produces things and services directly for use (and therefore indirectly for use).
Therefore, Socialism, which is not a political system but rather an economic one, is opposed to liberalism since it is by definition anti-capitalist.
Liberalism, in all its various variants, is a political system that presumes an economy is organized under some sort of capitalist model.
Know more about Socialism here:
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