Capitalism, Socialism, and Democracy

  • G. D. H. Cole
  • Ludwig von Mises
  • John Maynard Keynes
  • Karl Mannheim
  • Paul Ricoeur
  • Malcolm Bradbury
Part of the The Documentary History of Western Civilization book series (DHWC)


Of all the ideologies competing for followers in the early twentieth century, socialism appeared to have the greatest chance of achieving its objectives. Politically oriented intellectuals turned to it by the thousands. In each of the industrialized countries of Western Europe socialist parties grew rapidly. After 1917 the international socialist movement split in two, but socialism continued to prosper in the 1920’s. Socialist prime ministers led coalition cabinets in several Western countries, while Bolsheviks ruled the empire of the Romanovs. The various socialist parties could expect to poll as much as 40 per cent of the popular vote in such countries as Germany and Great Britain. During the Depression of the 1930’s many intellectuals arrived at the conclusion that capitalism had demonstrated its bankruptcy as a socioeconomic system once and for all.


Full Employment Socialist Society Socialist Regime Free Competition Democratic Control 
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Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 1968

Authors and Affiliations

  • G. D. H. Cole
  • Ludwig von Mises
  • John Maynard Keynes
  • Karl Mannheim
  • Paul Ricoeur
  • Malcolm Bradbury

There are no affiliations available

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