The key part is that liberalism justifies the use of state violence to safeguard property rights, even when they come into direct conflict with the needs of the public at large. Private property being framed as a key part of individual freedom provides the foundational justification for the rich to keep their wealth while ignoring the needs of everyone else. Thus, when push comes to shove, liberal state is forced to reveal that it represents the interests of the rich.

This is hands down the best dive into the whole thing that I’ve come across https://orgrad.wordpress.com/articles/liberalism-the-two-faced-tyranny-of-wealth/