VIDEO: Richard D. Wolff – What are Capitalism & Socialism? What differentiates them from each other?

Richard D. Wolff - Marxismus

Richard D. Wolff – What are Capitalism & Socialism? What differentiates them from each other?


In this interview with Professor of Economics Emeritus (University of Massachusetts), Marxist economist and founder of Democracy at Work, Richard D. Wolff,  we talk to him about Capitalism and Socialism.

  • What are Capitalism and Socialism?
  • What differentiates Capitalism from Socialism?
  • Has either system ever existed in its purest form?
  • Was Capitalism actually overcome by Socialism when the State took over private ownership?
  • What changes are required in society to truly implement Socialism?

All of this and more is addressed in the video below:


VIDEO: Richard D. Wolff – What are Capitalism & Socialism? What differentiates them from each other?


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ABOUT RICHARD D. WOLFF

Richard D. Wolff
Richard D. Wolff

Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York. Wolff has also taught economics at Yale University, City University of New York, and the University of Paris I (Sorbonne). He is a co-founder and contributor of Democracy at Work, a non-profit organization that promotes democratic workplaces as a key part of a transition to a better economic system. Wolff has published many books and articles, both scholarly and popular. Most recently, in 2012, he published the books Democracy at Work: A Cure for Capitalism (Haymarket Books) and Contending Economic Theories: Neoclassical, Keynesian, and Marxian, with Stephen Resnick (Cambridge, MA, and London: MIT University Press). He writes regularly for Truthout.org. He has been interviewed on The Charlie Rose Show, Up with Chris Hayes, Real Time with Bill Maher, Democracy Now!, Al-Jazeera English, Thom Hartmann, NPR, Alternative Radio, and many other radio and TV programs in the United States and abroad. The New York Times Magazine has named him “America’s most prominent Marxist economist.


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Citation of Featured Image:

Link: valleyadvocate.com/2016/07/11/hard-to-find-and-worth-your-time/


 
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  1. New York Times proclaimed Richard D. Wolff as the most prominent Marxist and that is exactly how capitalism secures its position in our society. In another words as long as Marxism exist capitalism does not need to fear for its future. Richard D. Wolff defines socialism as one voice one vote in economy, which is wrong. One voice one vote does not work even in democracy, because democracy we have today does not follow the will of people. We need a new democracy based on equal human rights. Here is how it looks like: http://www.sarovic.com/future_of_democracy.htm. We need a new capitalism more based on equal human rights which must include the right to work to everyone. Here is how it looks like: http://www.sarovic.com/2013_01_18e.htm. When that is fulfilled then we may talk about socialism which must be based on equal human rights developed to such an extend that no one could imagine it today.

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