Capitalism Hits Home: Capitalism, Socialism and Communism - Part 3

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[S2 E02] Part 3 of 3

This podcast will define those different class arrangements of Capitalism, Socialism and Communism and how they effect personal life. We will explore what they are and how do they differently effect personal life, particularly the lives of society's most vulnerable people, women and children.

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Resnick & R Wolff. Class theory & History: Capitalism and Communism in the USSR.Routledge, 2003

Richard D Wolff. Understanding Socialism, Democracy at Work, 2019


Showing 1 comment

  • Martin Camhi
    commented 2020-01-23 18:28:41 -0500
    I regard capitalism to be a criminal system that has as its central objective the accumulation of (unearned) wealth by a ruling class of owners, entirely at the expense of Labor, the working class. As the lawful (for now) owners of industry, the capitalist class gets to dictate all prices and wages (price of labor) and production while perpetuating the fallacy that prices and wages are beyond their control and at the mercy of “supply and demand” – both of which they control (production and wages).

    Their continued rule is dependent upon the acceptance of these myths by the working class, the class that produces all wealth and produces or invents all the technological wonders of our modern world.

    Let’s work for economic democracy (socialism) and an end to poverty and cut-throat competition, both of which are natural and “human nature” under this current system. Bernie Sanders is “socialism light” but I support him 100%.

    Martin in Petaluma, CA

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