#profwolff

escheche@diasp.org

Capitalism vs Socialism is NOT Markets vs Planning

https://yewtu.be/watch?v=K-jCqjM4Kmc

#ProfWolff shows how the #economics of existing capitalist and socialist economies make use of both #markets and #planning. The opposition of markets and planning is largely false and has worked to distract students and observers of economic systems from better differentiations such as how they differently #organize their #workplaces: #hierarchical in the case of #capitalist, #democratic in the case of #worker-cooperatives. Some major implications of this critique of the "planning versus market" obsession are discussed in relation to the #US, #SovietUnion, and #China.

#richardwolff #economicupdate #capitalism #socialism #money #inflation #democracyatwork

escheche@diasp.org
sylviaj@joindiaspora.com

Prof Richard Wolff ~ The Ukraine Crisis

https://www.youtube.com/watch?v=C8KhRkbEld8

#ProfWolff reveals the #truth behind the growing #tensions between the #US, #Russia and #Western #Europe. This is yet another example of #distraction #politics. The #Biden #administration is seeking to #deflect #attention away from the #domestic #issues it is confronted with, while also attempting to squeeze #Russians out of the #European #energy #market and move #Americans in. But is whatever is happening in the #Ukraine worth a #war between 2 #nuclear #powers like the US and Russia? This question, #Wolff argues, begs an answer.

#richardwolff #responds #crisis #borisjohnson #economics