Economic Update: 3 Basic Kinds of Socialism

Check out our latest book with Richard Wolff: "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself" released in September 2020.
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Economic Update: [S9 E22] 3 Basic Kinds of Socialism

This week on Economic Update, Professor Wolff discusses the three basic kinds of socialism as anti-capitalist ideologies grow in the U.S. and more people are looking toward socialist alternatives. Prof. Wolff lays out the importance of grasping key differences among the alternative kinds of socialism. The first half of the show is an examination of those differences among (1) the moderate or "democratic" socialism ( a la Scandinavia), (2) the communist kind of socialism (in the USSR and People's Republic of China) and (3) the new socialism focused on democratizing the work place.

The second half of the show focuses on how doing better than capitalism will require deciding which of these three kinds of "socialism" (or what combination of them) will be a better economic structure for the masses.

Read the transcript here: https://www.democracyatwork.info/eu_3_basic_kinds_of_socialism

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Learn more about Prof Wolff's new book, "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself" released in September 2020. Available as a paperback now!
www.democracyatwork.info/books

"Richard Wolff in his new book examines frightening and anti-democratic configurations of corporate power, offering not only a blueprint for how we got here, but a plan for how we will rescue ourselves and create new models of economic and political justice.” - Chris Hedges

Check out Prof. Wolff's other books "Understanding Socialism" and "Understanding Marxism"
http://www.lulu.com/spotlight/democracyatwork
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Видео Economic Update: 3 Basic Kinds of Socialism канала Democracy At Work