Economic Update: Answering our Critics

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[S10 E02]

Three major criticisms of Economic Update are considered: (1) that we don't praise capitalism for reducing world poverty, (2) that we don't admit that "socialism has never worked anywhere," and (3) that no inventor of a new product or technique who starts a business will ever accept that employees in such a business are equal partners with the inventor, originator of the business. Today's program answers these criticisms, refuting their arguments systematically.

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Prof. Wolff's latest book "Understanding Socialism" is now available.  Click here to get your copy!

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