On this week's show, Prof. Richard D. Wolff discusses privatized probation, how New Zealand is rejecting austerity, how the rise in electricity service disconnections prove there is no "recovery," why more and more Americans are going without medical insurance, recent attacks on neo-liberalism and why big donors are funding fake public interest groups.
SPECIAL GUEST: Dr. Umberto Lorenzo and Dr. Richard McIntyre on how and why Cuba’s socialist economy is moving toward worker co-ops.
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I was glad to see you raise the issue of political democracy. I’ve always believed that state capitalist countries had to be autocratic because, given the chance, private capitalist forces would tenaciously work on the political system to abolish state capitalism and reinstate private capitalism. In fact, I predict that China’s experiment with the controlled reintroduction of private capitalism will lead to private capitalist taking over the political system there. The only question is how will they achieve this? I also believe, as do you, that democratization of the workplace will create a political mindset in the workers that will be able to resist and politically defeat private and state capitalist. Once private and state capitalists are politically defeated, an actual democracy can be created.