Which of the following best characterizes modern liberalism's stance on social welfare?

Modern liberalism is characterized by a belief in the importance of social welfare as a means to promote equality and assist those in need. This ideology supports significant government regulation and intervention in the economy and society to ensure that basic needs are met and to provide a safety net for vulnerable populations.

The emphasis on significant government regulation aligns with the modern liberal view that the state has a role in addressing social inequalities and providing services such as healthcare, education, and social security. This contrasts sharply with the notions of minimal social safety nets, complete privatization, or no government involvement, which do not recognize the responsibility of the government to support its citizens.

In essence, modern liberalism seeks to balance individual freedom with social responsibility, advocating for policies that aim to reduce poverty and inequality through active government participation in welfare programs.