Ask Prof Wolff: Reform vs. Revolution

A patron of Economic Update asks: "I’ve heard a critique of social democracy from some socialists and it goes like this: because of increased taxes for social democratic reforms, corporations will seek cheap labor and resources of the global south to stay competitive on the global market. Now this would give incentive for a social democracy to inhibit the global south from their own socialism or just increased living standards because then our prices would also increase, possibly even leading to cutting those reforms. Please give your thoughts on the validity of this critique."

Ask Prof Wolff is a @Democracy At Work  production. We are committed to providing these videos to you free of ads. Please consider supporting us on Patreon.com/economicupdate. Become a part of the growing Patreon community and gain access to exclusive patron-only content, along with the ability to ask Prof. Wolff questions like this one! Your support also helps keep this content free to the public. Spreading Prof. Wolff's message is more important than ever. Help us continue to make this possible.

Submit your own question to be considered for a video response by Prof. Wolff on Patreon: https://www.patreon.com/economicupdate/community.


Learn more about Prof Wolff's new book, "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself," available now at www.democracyatwork.info/books

“A magnificent source of hope and insight.”
Yanis Varoufakis
Greek economist, academic, philosopher, politician, author of Talking to my daughter about the economy


Follow us ONLINE:

Patreon: http://www.patreon.com/economicupdate

Facebook:

Twitter:

Instagram:

Shop our CO-OP made MERCH:  https://democracy-at-work-shop.myshopify.com/

 


Be the first to comment

Please check your e-mail for a link to activate your account.

Become a Monthly

[email protected]

Supporter

Sign Up!


Follow Us


Facebook Friends:

Which of your Facebook friends have joined

d@w

Connect to Find Out:


patreon_promo-01.png