In my world, a liberal is a capitalist who seeks to shield capitalism from its own excesses and who hopes to channel capitalism's productive energy into a system and society that creates wealth for all. Capitalism is certainly better than socialism--i.e. state ownership of all property.

Ultimately, capitalism works, and it works well, but it works better when liberal laws are in place to insure that all citizens benefit from it (and not just the wealthy few at the top).

It is serious error for liberals to disparage capitalism. Liberals are capitalists. We just want a sane, just, and humane capitalism.

-Laelth