Liberalism (n.) is an attack monopoly whereas socialism is an attack on capitalism.
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Liberalism (n.) preserves private interests by reconciling them with public right whereas socialism seeks to destroy private interests.
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Liberalism (n.) rescues enterprise from the trammels of privilege and preference whereas socialism seeks to kill enterprise.
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Liberalism (n.) seeks to build up a minimum standard for the mass whereas socialism assails the preeminence of the individual.
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Liberalism (n.) seeks to raise up poverty whereas socialism seeks to pull down wealth.