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In this day and age, the liberal ideology better captures and encompasses the major aspects in the world. Traits of competition, innovation and merit and humanism are best suited to the present. The evidence for a liberal idea is vast. Many businesses governments and societies have thrived under many liberal traits. The amount of a role government plays in a persons life is one of the differences between the liberal and Marxist theory. The issues of equality, social status and power are also important.

Liberalism, in regards to economic status, is far more beneficial to the individual than a Marxist social ideal. If you are afforded the freedom a liberal system provides, there is a very high ceiling for success, be it wealth, power or a fulfilling existence. A Marxist would argue the same, but because of the underlying limitations (“leveling” by the people or a ruling power i.e. giving and taking of resources directed by an outside party) such high aspirations are not so easily achieved. Nor should items like wealth or power be actively sought for by the Marxist, because those are the evils that create inequality.

The similarities between liberalism and Marxism economic views are important. Marx agreed with the liberal economic viewpoint that a free-market is “good” with benefits gained from competition. The distinction is in a liberal capitalistic system without government intervention there is an inevitable abuse of the lower class by the capitalists. On the other hand, the lack of an invisible hand in a socialist economy can lead to things like lower quality of goods produced, scarcity etc. This grey area is what often divides liberals from Marxists. Does one value equality between his peers at the cost of certain freedoms? Or does the desire for individual freedom outweigh the condition of a peer?

Free markets tend to reward merit. Especially in the age of globalization, those that are able can easily reap...