sin_free_for_00_days, 6 months ago

<span style="color:#323232;">From WordNet (r) 3.0 (2006) [wn]:
</span><span style="color:#323232;">
</span><span style="color:#323232;">  liberalism
</span><span style="color:#323232;">      n 1: a political orientation that favors social progress by
</span><span style="color:#323232;">           reform and by changing laws rather than by revolution
</span><span style="color:#323232;">      2: an economic theory advocating free competition and a self-
</span><span style="color:#323232;">         regulating market
</span>

Seems like the first definition is conservative-left. The second definition sounds like capitalism. Honest question here, but what am I missing?