Socialism - Economy

Marx and Engels' advocated economic system

They called for a fully socialist economy where resources are collectively owned and distributed according to need.

Luxemburg's view on revolution

She believed a revolution could occur in less economically developed societies, unlike Marx's historical materialism.

Webb's economic vision

She advocated for the gradual nationalization of industries to achieve common ownership of the means of production.

Crosland's economic views

He rejected full nationalization and argued for a mixed economy that included Keynesian capitalism.

Giddens' economic system

He supported a neoliberal free-market economy, arguing that tax revenues from it could finance greater equality of opportunity.

Most revolutionary socialist thinker

Marx and Engels, as they called for a proletarian revolution and the eventual abolition of the state.

Most gradualist socialist thinker

Webb, as she believed socialism could be achieved through parliamentary reform and state planning.

Most optimistic about capitalism's reform

Crosland, who believed capitalism had already shed many of its exploitative tendencies.

Most accepting of free-market capitalism

Giddens, who argued that a free market could generate revenues to fund social investment.

Most democratic vision of socialism

Luxemburg, as she emphasized democracy and free speech within a socialist system.

Focus on class struggle

Marx and Engels, who saw history as defined by class conflict between the proletariat and bourgeoisie.

Rejection of Webb's ruling elite belief

Crosland, who preferred governance by technocrats and economic managers rather than an intellectual elite.

Least faith in the working class

Webb, who believed the working class lacked the intellectual ability to govern industry without guidance.

Focus on equality of opportunity

Giddens, who promoted social investment rather than wealth redistribution.

View on capitalism beyond reform

Marx and Engels, who argued that capitalism had to be completely abolished.

Belief in maintaining capitalism within socialism

Crosland, who argued that a mixed economy was the best way to achieve social justice.

Democracy's role in socialism

Luxemburg, as she supported democratic elections and free speech in a socialist state.

Capitalism's exploitative tendencies reduction

Crosland, who believed state intervention had softened capitalism's harshest effects.

Reconciliation of capitalism with social justice

Giddens, through his 'Third Way' approach.

Most centralized approach to economic management

Webb, as she favored nationalization and state control over economic planning.