Economic Update: Economics of Socialism

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On this week's show, Prof. Richard D. Wolff presents updates on Russia sanctions, medical companies' failures, cable company monopolies, CEO pay, battling Marxian economics in Utah. In the second half of the show a major discussion of economics of socialism.

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Showing 4 comments

  • Christian Chiakulas
    commented 2017-08-10 15:03:50 -0400
    Ariel, he has two Master’s degrees and a PhD in economics; pretty sure he knows what he’s talking about.
  • Ben Champion
    commented 2017-08-01 23:08:06 -0400
    I have followed your lectures and videos for years because what you say makes sense. I have no formal training in economics but have learned a great deal from you. Your advocacy of worker co-ops is a wonderful notion but I don’t think it goes far enough. As I understand it, the advantage of a worker co-op is that it puts all the workers on a level (or almost level) playing field thereby largely eliminating any structural hierarchy. Human history has almost always been organized as masses of people being subordinate to a minority of people as in your examples of slavery, feudalism, and capitalism. It seems to me that in order to really move us forward, we shouldn’t limit democracy to the workplace but expand it to all societies throughout the world which would require near eradication of power, be it financial or political. No human being should have an undue amount of power over any other. I realize this is easier said than done but the sooner we begin, the sooner we will accomplish it.
  • Ariel Khizgilov
    commented 2017-07-31 17:37:22 -0400
    Ugh, Mark Lore made that much because his company was bought by Wal Mart. How is this guy an economist?
  • Martin Screeton
    followed this page 2017-07-31 17:10:23 -0400

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