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.
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