The Guesdists accept the policy of Karl Marx as well as his economic doctrine: the universal revolution, and the centralized socialist State, as well as the theory of surplus value and the right to the full product of labour.
"Contemporary Socialism"
John Rae
Industry is carried on by great centralized capital.
"Contemporary Socialism"
John Rae
Now the branches of industry which the State is fitted to carry on are of course those in which its great fault happens to have small scope for play, and in which its great merit or merits have great scope for play; those, for example, which gain largely in efficiency or economy by a centralized administration, and suffer little harm comparatively from a routine one.
"Contemporary Socialism"
John Rae