Read the following sentence and identify whether the following words are nouns or pronouns.
Socialism is very properly recognized by the capitalist class as the one cloud upon the horizon which portends an end to the system in which they have waxed fat, insolent and despotic through the exploitation of their countless wage-working slaves.
Debs, Eugene V. "The Issue." Girard, KS. 23 May 1908. Speech.