ABSTRACT
Democracy and liberalism were only able to join hands on the basis of mutual concessions, but it was democracy that conceded the most ground. Democracy becomes the bridge that allows one to cross back and forth between liberalism and socialism, reformulating both while taking the good points from each. The relationship between liberalism and socialism has also been a confrontational one. Historically, because liberalism has been the fundamental source of inspiration for the development of capitalism, while socialism emerged as the basis for creating a new order to supersede capitalism. With capitalism, markets expand, production of goods for the market is generalized, and trade multiplies, tending to revolve around the labor that is socially concentrated in a product. The exchange of goods based on the social labor they embody, the market, and capitalist exploitation are different phenomena, even if they overlap in capitalism.
