AskProfWolff: Markets and Private Property in a Socialist Society

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A patron asks: "Do markets exist in a socialist society? The market system under capitalism has failed to meet the needs of its citizens, especially in certain areas where the incentives of a market system do not yield appropriate social outcomes - like health insurance. But in many situations, free and fair markets are an efficient and effective way of distributing resources. Does private property exist in a socialist society?"

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Видео AskProfWolff: Markets and Private Property in a Socialist Society канала Democracy At Work