Final answer:
The ideology that believes in not punishing people if they fail and supports strong social safety nets is liberal, which contrasts with the conservative focus on personal responsibility and smaller government.
Step-by-step explanation:
The idea that people shouldn't be punished if they fail is typically associated with the liberal ideology. Liberals believe in a strong social safety net that provides support for individuals who experience economic hardship such as bankruptcy or job changes. This belief system is based on the premise that social safety nets help in maintaining an equitable society while also allowing the free market to function efficiently. Conservatives, on the other hand, tend to emphasize personal responsibility and often argue for smaller government and fewer social programs. They may view extensive social safety nets as a disincentive to personal effort and economic freedom. Therefore, the ideology that believes in comprehensive safety nets to protect individuals from economic failure is liberal.