A Patron of Economic Update asks: "It is my impression that all left wing economists including Marx agree that capitalism was an improvement over feudalism. Could you please elaborate in what ways capitalism was an improvement? Could you point me to any previous videos or books on this topic, or material easy to understand? I think we should all reflect on this question in this age when we seem to be regressing back to feudalism."
This is Professor Richard Wolff's video response.
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