what is the difference between socialism and liberalism in tabular form?
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1.Socialism holds that only by granting the state total economic and political power can economic progress and equality among citizens be attained.
2.Classical liberalism holds that the state should only take over an institution to ensure that citizens can freely benefit from that particular institution’s services. Classical liberalism does not require the thorough enforcing of law and order to reach economic progress and equality.
3.Modern liberalism holds that the state should interfere not only in economic or political affairs, but also in social affairs, such as day-to-day activities of its citizens. In effect, modern liberalism ceases to be associated with classical liberalism, and instead becomes similar to socialism.
2.Classical liberalism holds that the state should only take over an institution to ensure that citizens can freely benefit from that particular institution’s services. Classical liberalism does not require the thorough enforcing of law and order to reach economic progress and equality.
3.Modern liberalism holds that the state should interfere not only in economic or political affairs, but also in social affairs, such as day-to-day activities of its citizens. In effect, modern liberalism ceases to be associated with classical liberalism, and instead becomes similar to socialism.
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