[dragonwriter]

> Liberal democracy requires the availability of liquid capital (and therefore capitalism),

"Capitalism" is not named for or defined by the existence of liquid capital (which both predates and exists outside of capitalism.)

[tpm]

Correct, it is named for accumulation of capital. However I don't know of any systems that are liberal (which is a nice feature) and democratic, without being also capitalistic. Maybe there some theoretical ones.