petty bourgeois socialism, n.All

Petty bourgeois socialism (n.) diagnoses ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠modern production with great acuteness, prescribes guilds and patriarchal farms, and ends in a miserable fit of the blues.

Petty bourgeois socialism (n.) answers ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠each blow of capital with a demand: hounded as debtor, it wants credit institutions; crushed by competition, state-backed associations; overwhelmed by concentration, progressive taxes and limits on inheritance.