Liberalism is Capitalism.....?

Before commenting in-depth on the statement that Liberalism is Capitalism? Let’s first define capitalism. Capitalism is an economic and Political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state where as Liberalism means to remove or loosen restriction on smoothing, typically an economic social or Political system. Hence capitalism is in fact an economic liberalism. But the border of Liberalism is so vast. It is beyond economic rights. Liberalism stresses on the economic Liberalism as well as on the social right for the welfare the people. It stresses on ones political right. There should be no doubt that economic freedom to every citizen is the basic condition for his welfare but social and political are also of the same significance. Without social and Political right only economic liberalism loose its real meaning.

Liberalism strongly depends the basic rights of mankind. If the philosophy of liberalism is downsized to economic liberalism and personal gain and sidelined the social and political rights. Then it cannot be called in its real sense. Because it is the capitalism which focus is just limited to free market and personal property without caring of others.

As Capitalism is the name of economy related activities, But Liberalism is the name of welfare of society, it gives importune on freedom of speech, free thinking and economic liberty is its on necessary point not a whole philosophy.

Liberals believe on the prosperity of all members of society. According to them a stable economy is one in which every citizen can be able to contribute and participate with equal opportunities, where as in capitalism equal opportunities are not in their priorities in free economic market.

Liberals dislike to interfere in one’s business and his personal matters. They recommend the point that the govt should let a person to what he think, consider best for him/herself as everyone knows better about him/herself and govt cannot estimate his abilities and capabilities.

Liberals claim with believe the free market economy is the most proper tool to balance and supply needs and possibilities as compared to feudal and other systems.

Liberalism strongly discourages the social differences where they spur in a society and encourages a peaceful and welfare environment regarding social, economic and political aspect of a society.

{Written by: Abdul Bari Mandokhail, Quetta City, Balochistan, Pakistan}