CONCESSIONS OF THE LEFT AND CONCESSIONS OF THE RIGHT
THE LEFT:
| The "Pure" Marxist Position | Concessionary Leftist Position | |
| Key actors | the working class (proletariat) | unions and political parties |
| Wage demands | increase wages through movement | moderate wage demands to secure the profitability of the private sector |
| Ownership | nationalization of the means of production | private ownership; some public ownership |
| Political strategy | protest, violent political action | elections |
| What to do about the "contradictions of capitalism" | overthrow capitalism through class warfare; revolution | reform; welfare |
THE RIGHT:
| The "Pure" Neoclassical Position | The Concessionary Rightist Position | |
| Key actors | firms | business associations and political parties |
| Wage demands | wage rates regulated by the market | collective bargaining to secure wage rates that will generate adequate demand |
| Ownership | private ownership | private ownership with some public ownership |
| Political strategy | exclusion of working class through conservative, elitist parties | inclusive, electoral |
| What to do about the "contradictions of capitalism" | no contradictions exist; capitalism is evolutionary | reform; welfare, but emphasis on an equitable sharing of gains and losses rather than simply redistribution |