Modern liberalism is different from traditional liberalism on the following basis : 

1. Traditional liberalism supports personal wealth, whereas the modem liberalism restricts personal property. 

2. Traditional liberalism is synonymous to capitalism, whereas the modern liberalism advocates an imposition of tax on capitalists and for equality. 

3. The form of traditional liberalism is negative, whereas the nature of modem liberalism is positive. 

4. The object of traditional liberalism was to restrict the powers of monarchs, whereas the modem liberalism limits the powers of a government and state. 

5. Traditional liberalism accepts a state as necessary evil, whereas modem liberalism terms a state as positive means for social welfare and hence, emphasises on establishment of a welfare state. 

6. Traditional liberalism is a supporter of market management, whereas modem liberalism is for mixed and controlled economic system in place of market economic management.