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by thomassmith65
208 days ago
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That's a narrow definition of liberalism. The common denominator between liberals isn't economics; it's an acceptance of differences. There are political movements that are liberal and still bad, but there is no political movement I can think of that would be made worse by sticking Liberal- in front of it. |
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Liberal democracy thinks the economy, even natural monopolies, should be organized around a free market of LLCs that all get to act self-interestedly.
Social democracy thinks the economy should be organized around state monopolies and a regulated market, along with public institutions for social and labor issues such as collective bargaining, unions, social safety nets and universal healthcare.