Leftist economic beliefs range from Keynesian economics

Leftist economic beliefs range from Keynesian economics and the welfare state through industrial democracy and the social market to nationalization of the economy and central planning.[18] During the industrial revolution, left-wingers supported trade unions. In the early twentieth century, the Left were associated with policies advocating extensive government intervention in the economy.[19] Leftists continue to criticize what they perceive as the exploitative nature of globalization, such as sweatshops, the race to the bottom and unjust lay-offs. In the last quarter of the Twentieth Century the belief that government (ruling in accordance with the interests of the people) ought to directly involve itself in the day to day workings of an economy declined in popularity amongst the center left, especially social-democrats who became influenced by 'third way' ideology.

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