Libertarianism vs. Socialism

Very Hard Unit 4: Political Ideologies Political Ideologies

In the vast spectrum of political ideologies, various frameworks coexist to interpret and respond to complex social and economic issues. One advanced ideological perspective is 'Libertarianism,' which emphasizes individual freedom, personal responsibility, and minimal government intervention in both personal and economic affairs. On the other hand, 'Socialism' advocates for social ownership and democratic control of the means of production, emphasizing equality and economic intervention for public welfare.

Considering this ideological backdrop, which of the following statements aligns with the core tenets of Libertarianism and distinctly contrasts with Socialism?

Libertarianism promotes collective ownership of resources to ensure equal access for all citizens.

Libertarians argue for minimal government regulation to maximize individual freedom and choice.

Supporters of Libertarianism believe in redistributing wealth to reduce economic inequalities.

Libertarian ideals center around advocating for extensive government programs to provide for citizens' basic needs.

Hint

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