Liberal socialism is a political philosophy that incorporates liberal principles to socialism. Liberal socialism has been compared to post-war social democracy as it supports a mixed economy that includes both private property and social ownership in capital goods. While social democracy is somewhat anti-capitalist insofar as criticism of capitalism is linked to the private ownership of the means of production, liberal socialism identifies artificial and legalistic monopolies to be the fault of capitalism and opposes an entirely unregulated market economy. It considers both liberty and equality to be compatible and mutually dependent on each other. Liberal socialism is a type of socialism that has been most prominent in the post-war period. For Ian Adams, post-war social democracy and soci