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What is similar between socialists and progressive views on industries?
Wiki User
∙ 10y ago
There are some similarities between reformist socialists (also known as Social democrats) and progressives in that both seek to destroy the monopolistic power of corporations and major banks. However, both philosophies have different ends: progressives want to retain private ownership of industries but regulate them to ensure they comply with the law, wheras reformist socialists ultimately have as their goal the abolishment of private ownership and capitalism to be replaced by public and cooperative ownership of the economy.
During the early 20th century, both believed in the right of labor to organize and secure a decent salary and safe working conditions and both advocated government owned and operated local utilities and consumer protection laws.
Wiki User
∙ 10y ago
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