Belmont Club

By Richard Fernandez

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August 20, 2008 - 9:21 am - by Richard Fernandez
Konyok
2008-08-20 22:09:13

jwillie,

By the traditional definition, liberal democracy IS a capitalist economic system. The philosophy of Adam Smith was liberal in that it encouraged economic activity, regardless of social class.
In Europe the terminology is Social Democrat (*progressive*) vs neoliberal. European conservatives advocate aristocracy and monarchy, quite the opposite of our ideal of free markets.