Liberalism is an idealistideology that promotes free market principles, individualism, and fundamental rights (also known as bourgeois privileges). Liberalism emerged as the ideological component of capitalism, and gained administrative power as a result of the bourgeois revolutions of the 18th and 19th centuries in North America and Europe. Liberalism, the philosophy behind the dictatorship of the bourgeoisie, has consistently changed over the centuries, as a result of advancement in the productive forces and the development of the feudal serfdom into the industrial proletariat, and has now turned into neoliberalism, as a result of the consolidation of capital into the hands of the few, and to protect the ruling class from socialism, which is currently in the process of replacing capitalism as the primary mode of production.
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https://en.prolewiki.org/wiki/Liberalism