"Thus liberalism, democracy, and socialism appear to be, as they are in reality, not only the offspring of one and the same theory of government but also logical derivations one of the other. Logically, developed liberalism leads to democracy; the logical development of democracy issues into socialism. It is true that for many years, and with some justification, socialism was looked upon as antithetical to liberalism. But the antithesis is purely relative and breaks down as we approach the common origin and foundation of the two doctrines, for we find that the opposition is one of method, not of purpose. The end is the same for both, namely, the welfare of the individual members of society. The difference lies in the fact that liberalism would be guided to its goal by liberty, whereas socialism strives to attain it by the collective organization of production."
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