Liberals vs Socialists

At the risk of over-simplifying, I'm going to attempt to draw the distinction between "liberal" and "socialist."

Liberals believe in equality of opportunity.

Socialists believe in equality of outcome.

At times, these interests converge enough to allow for a coalition, but they are distinct.

Sorry to be so pedantic, but this is one of my pet peeves.

References:
http://en.wikipedia.org/wiki/Liberal

Broadly speaking, liberalism emphasizes individual rights and equality of opportunity

http://en.wikipedia.org/wiki/Socialist

Socialism refers to a broad array of ideologies and political movements with the goal of a socio-economic system in which property and the distribution of wealth are subject to control by the community