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4 differences an 4 similarities between welfare capitalism an classical liberalism

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ogorwyne

The differences that exists between welfare capitalism and classical liberalism is that:

  • Welfare capitalism is directed towards the employers of labor while classical liberalism is directed towards the government.
  • free market principles are mixed together with laws from a welfare state in welfare capitalism, while classical liberalism is about the limitation of the powers of the goverment.
  • Classical liberalism is concerned with the protection of freedoms of citizens, welfare capitalism is mostly about the market.

What is classical liberalism?

This is a market system that is mostly about the laissez faire system in an economy. It is one that advocates for free markets.

What is the welfare capitalism in a country?

This is one that involves businesses and firms providing welfare services to the people that they employ.

Read more on classical liberalism here: https://brainly.com/question/12500157

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