Economic Update with Richard D. Wolff

The Three Basic Kinds of Socialism (Repeat)

07.01.2021 - By Democracy at Work - Richard D. WolffPlay

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As ever more people become anti-capitalist and look toward socialist alternatives, it is important to grasp key differences among the alternative kinds of socialism. This program explains those differences among (1) the moderate socialism, (2) the communist kind of socialism (in the USSR and China), and (3) the new socialism focused on democratizing the workplace. Doing better than capitalism will require deciding which of these three kinds of "socialism" will be the better economic structure.

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