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Richard Wolff
June 04, 2021
Richard Wolff
June 04, 2021
A patron of Economic Update asks: "We hear from conservatives how the "Founding Fathers" of US Democracy were staunch Capitalists and wanted no part of Socialism. I always thought that argument was strange as both "The Wealth of Nations" and 'Das Kapital" were published after this nation was formed I would appreciate your comments on this discussion."
This is Professor Richard Wolff's video response.
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Thomas Jefferson
“There is nothing I dread so much as the division of the republic into two great parties, each arranged under its leader, and concerting measures in opposition to each other. This, in my humble apprehension, is to be dreaded as the greatest political evil under our constitution.”
John Adams
“When economic power became concentrated in a few hands, then political power flowed to those possessors and away from the citizens, ultimately resulting in an oligarchy or tyranny.”
John Adams