Liberalism has always been about social justice, and the idea that each and every human should be free to run or ruin their own lives (Positive vs. Negative freedom), with a slant towards the positive through regulation and the rule of law.
Liberalism has always been about social justice, and the idea that each and every human should be free to run or ruin their own lives (Positive vs. Negative freedom), with a slant towards the positive through regulation and the rule of law.
Socialism is a set of collectivist policies desired or in force while a capitalist society is being consumed (i.e., distribution of goods and services by society's collective dictates).
Capitalism "solves the problem" of production by producing what returns profit (in a market of demands and supplies). Once profit is stamped out, production is unguided except by "society" commanding it (i.e., a command "economy"). Even if this guidance were democratic, it would still be subject to the tyranny of the majority (the bulk of the collective).
Agree that the tyranny of the majority still applies in the case of democracy - see the UK EU in-out referendum impending mess.
Alas, individualism will never be a mass movement!