Write a note on Modern Liberalism / Welfarism.

Modern liberalism, also known as welfarism, is a political ideology that emerged in response to the shortcomings of classical liberalism and the challenges posed by industrialization, urbanization, and social inequality in the late 19th and early 20th centuries. This ideology emphasizes the role of the state in ensuring social justice, equality of opportunity, and the protection of individual rights, while also promoting economic intervention to mitigate the adverse effects of capitalism.

At its core, modern liberalism advocates for a balance between individual freedom and social welfare. Unlike classical liberalism, which prioritizes minimal state intervention in economic and social affairs, modern liberalism recognizes the need for government intervention to address market failures and promote social welfare. This intervention often takes the form _____ ________ ____ ____ _______ _____.
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