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Both classical and modern liberalism maintain that capitalism is the best economic system because it ________.

User Arianna
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Final answer:

Both classical and modern liberalism maintain that capitalism is the best economic system due to its promotion of individual liberties, economic growth, innovation, and the potential for government intervention to promote equality.

Step-by-step explanation:

Both classical and modern liberalism maintain that capitalism is the best economic system because it provides several benefits. Classical liberalism supports capitalism based on its belief in individual liberties, limited government, and free trade. It argues that capitalism allows individuals to freely invest their wealth and talent in pursuit of profit, promoting economic growth and innovation. Modern liberalism, on the other hand, focuses on equality and supports government intervention in society and the economy to promote equality. It expects the government to provide basic social and educational programs to ensure equal opportunities for everyone.

User Kohei
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