Economic Update: Libertarianism Capitalism & Socialism

[S9 E47] Libertarianism, Capitalism & Socialism

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This episode of Economic Update features an exploration by Professor Wolff of how Libertarians defend capitalism by saying its many current flaws/faults flow from the state's economic interventions, not from the system itself. He then explains why Libertarians oppose socialism as another, even more, state-dominated intervention into the capitalistic system. Prof. Wolff then offers a critique of Libertarianism based on Capitalism's long history of strong state interventions and socialism's long-standing anarchistic components. He goes on to wrap it all up by inviting Libertarians and Socialists to find potential points of agreement against capitalism.
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Prof. Wolff's latest book "Understanding Socialism"


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Richard Wolff,democracy,work,labor,economy,economics,inequality,justice,