LIBERALISM IS AS LIBERALISM DOES
Social liberalism: No control what so ever of production or private companies , (no regulation for pensions or for salaries what so ever: Liberals (left and right) believe the market will handle that on their own) just a set of human rights issues that needs to be provided from state; such as healthcare, food for the day, children’s right to education and in some countries: roof over your head (but that is rarely the case: Our liberal socialist doesn't believe this is a right for example)
Social liberalism does have certain "controls", one of them being manifestly Income Taxation. The higher the remuneration, the higher the taxation. Which never gets "confiscatory" in the US but sometimes very close.
It was once above 90% for the higher-categories of Income. (Which is where, I feel, it should get back!)
There are no Liberals Left&Right. They are all on the Right and it's better that way. It's easier for them to understand what they want and what they don't want. Turns out, however,
it's a brazen rip-off for them of the economy.
So let's define this much employed-but-maligned word "liberalism" to signify a political PoV:
Liberalism is a political and moral philosophy based on liberty, consent of the governed and equality before the law. ... Liberals ended mercantilist policies, royal monopolies and other barriers to trade, instead promoting free trade and free markets.
Free trade has its shortcomings. Whyzat? Just look what it has done to American internal-economics. Extract from The Atlantic here:
The U.S. Only Pretends to Have Free Markets
When I arrived in the United States from France in 1999, I felt like I was entering the land of free markets. Nearly everything—from laptops to internet service to plane tickets—was cheaper here than in Europe.
Twenty years later, this is no longer the case. Internet service, cellphone plans, and plane tickets are now much cheaper in Europe and Asia than in the United States, and the price differences are staggering. In 2018, according to
data gathered by the comparison site Cable, the average monthly cost of a broadband internet connection was $29 in Italy, $31 in France, $32 in South Korea, and $37 in Germany and Japan. The same connection cost $68 in the United States, putting the country on par with Madagascar, Honduras, and Swaziland. American households spend about $100 a month on cellphone services, the Consumer Expenditure Survey from the U.S. Bureau of Labor Statistics indicates. Households in France and Germany pay less than half of that ....
The US is a free-trade market but, about a quarter century ago, it went bonkers on Market Consolidation with full-the approval of successive Replicant presidents beginning with Reckless Ronnie (Ray-gun). When looking for articles on Market Consolidation in the US, it becomes apparent that the writing is "by industry".
There are damn few articles that treat the entire market for what it is worth in terms of consolidation by means of America's "buyout" frenzy of the last 30-years or so. Of course, any search depends upon - on the Internet - the key-words employed. And despite this fact the result is industry-wide in terms of the articles produced. Which is fine!
But not exactly the analysis for which what I was searching - that is, the coverage insufficiently total economy inclusive.
But I WILL keep looking because I fundamentally believe that such is the
key economic-problem of the US today. After Reckless-Reagan, the US went on a Replicant-bent for market-consolidation the purpose of which was to generate billions of dollars in profits much of which went to stockholders but also to a select small percentage of the upper-income population.
But, most Americans thought "Hey! That's just great!"
(Especially for stock-markets ... !)
And what happened? To the great amusement and joy of corporate CEO's, business got a LOT less competitive (bad for consumers) and, consequently, corporate profit-values e-x-p--l--o--d---e----d!
Sorry for the bad english but it is a complicated subject to explane in another language than your native one.
Your English is quite good enough for posting in this forum. Even native-born Yanks, like me, make spelling mistakes here!