Question

Analyze the relationship between liberalism, capitalism, and democracy.

Analyze the relationship between liberalism, capitalism, and democracy.

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Answer #1

Answer:
Main factors that are similar to democracy and liberalism are freedom & equality. In 21st century idea of liberalism and democracy are intermingled with each other.

Hence, democracy and liberalism share same ideology with free market capitalism. Some argue capitalism is necessary for liberal capitalism to survive. But there are also some drawbacks of capitalism because it may increase the socio-economic differences and inequality in liberal democracy.

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