Elitism, the belief that the social rank of people roughly reflects their value to society. Georgism, an economic philosophy holding that people should own only the value they produce themselves Industrial Workers of the World philosophy and tactics, the views of a group which espouses a form of producerism Populism, a political approach that mobilizes the animosity of the "commoner" against "privileged elites" Surplus value, the profit of businesses achieved by paying workers less than the sale price of the product of their labor Work ethic, the belief that hard work and diligence have a moral benefit Working class, all people in a society who are employed for wages