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level: Economy

Questions and Answers List

level questions: Economy

QuestionAnswer
What do revolutionary socialists believe about the economy?Revolutionary socialists wish for the wealth created by the economy to be equally shared or distributed and owned in common rather than in private hands, so support the abolition of the capitalist economic system.
What do social democrats and third way socialists believe?They are less hostile towards capitalism, believing it can be reformed and/or harnessed to work for the good of all in society.