The socialist aspect of the philosophy is the belief that people are not purely self-serving and are capable of voluntarily exercising restraint when needed in order to help society flourish. Viewed through this lens, liberty and equality are not in competition, but rather go hand in hand. In a liberal socialist society, “any common life based on the avoidable suffering even of one of those who partake in it is a life not of harmony, but of discord.”
Tracing the history of the idea of liberalism, from pre-liberal societies, to the philosophies forged in the French and American revolutions, to the concept of socialism expounded by John Stuart Mill, Hobhouse defends the progress of liberalism, while asking what the future of liberalism should look like.
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