Final answer:
Liberals view anarchy as a potentially harmonious state without centralized power where cooperation can thrive while realists see it as a source of inevitable conflict that requires a balance of power for stability.
Step-by-step explanation:
Liberals tend to see anarchy as a harmonious and self-regulating order that can be achieved through community involvement and mutual exchange. In this view, anarchy can lead to peaceful coexistence without the needed domination of a state, focusing on the positive potential for international cooperation and collective security. On the other side, realists tend to see anarchy as a perpetual state of conflict due to the absence of a governing authority, leading to a balance of power among sovereign states. Realists believe that states must operate within this anarchic system to secure their own survival and interests, often through power competition and strategic alliances with other states to maintain a balance that deters conflicts.