capitalism vs socialism -debate

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  • November 15, 2019 at 12:56 pm #108145
    Avatar photowv
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    November 15, 2019 at 4:58 pm #108156
    Avatar photoBilly_T
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    Thanks, WV, for posting this.

    I’m a huge fan of Dr. Wolff. Watched the first 18 minutes or so, and will go back later to finish it up.

    Two quick comments: Professor Wolff is actually being too kind to capitalism with his OxFam stat. He must not have kept up with their most recent assessments. It’s down to 30 people (last time I checked), and shrinking, and I’ve read others claim it’s just eight humans holding half the wealth of the world.

    Also, socialism actually has a pretty long history of being anti-state and desirous of a ground up, localized, democratization of the workplace and society. I may have misread his commentary, but it sounds like he’s saying this is a new focus for socialists, that we learned from past mistakes, etc. etc. From my reading of the history, it’s actually the Soviet Union, Cuba, China, etc. etc. who veered wildly away from socialist tradition. They imposed “state capitalism,” not socialism.

    (Hopefully he clarifies this later in his talk or Q and A.)

    Other than the above, I’m in agreement with his take on things. Have been since the first time I read him or watched his youtube lectures.

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