The author lists three arguments in favour of socialism. These are social equality which guarantees the well-being more than competition for goods; reduction of working time ending the expropriation of the worker's time; and social solidarity and cooperation which may prove to be a more efficient attitude than competition.

Description and criticism of the analysis of present day capitalism by Claus Offe. Explanation for the ability of capitalism to renew; crisis averting mechanisms; specific features of modern capitalism that make it different from earlier ones. It discusses the issue of how much can capitalism be harmonised with democracy and to what extent is the thesis on their basic incompatibility still valid today.