Liberalism is a political philosophy that emphasizes individual rights, freedom, and equality before the law. It advocates for limited government intervention in economic and social affairs, and promotes a market-based economy with private property rights.
Therefore, liberalism is not underlying socialism, feudalism, or nazism, as these ideologies have different principles and values. Socialism emphasizes collective ownership of the means of production, whereas feudalism is based on a social hierarchy and a system of land ownership. Nazism is a form of fascism that promotes extreme nationalism and authoritarianism, rejecting liberal values such as individual rights and democracy.
However, liberalism is often associated with capitalism, as both prioritize free markets and private property rights. Nevertheless, liberalism acknowledges the need for government regulation to ensure fair competition and protect consumers and workers' rights, while capitalism advocates for a laissez-faire approach to the market.