Yellow socialism

Yellow socialism was an economic system proposed in 1902 by Pierre Biétry, as an alternative to the "Red socialism" advocated in Marxism. Biétry envisioned workers organizing unions which would operate in parallel with groups of businesses (a structure similar to corporatism). Workers would get a greater share of company profits through negotiation between each union and the corresponding business group. Above this would be a strong authoritarian State.

Yellow socialism

Yellow socialism was an economic system proposed in 1902 by Pierre Biétry, as an alternative to the "Red socialism" advocated in Marxism. Biétry envisioned workers organizing unions which would operate in parallel with groups of businesses (a structure similar to corporatism). Workers would get a greater share of company profits through negotiation between each union and the corresponding business group. Above this would be a strong authoritarian State.