#economicupdate

escheche@diasp.org
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

sylviaj@joindiaspora.com

Richard Wolff ~ 20 Years After 9/11, The U.S. Is Still A Stuck Nation

#EconomicUpdate

https://noliesradio.org/archives/184166

#richardwolff #democracy-at-work #audio #alabama #miners #strike, #china #reducing #inequality affects #competition with #us, #economics of #right-to-repair #movement, #interview #bobhennelly #hennelly #investigative #reporter #journalism #author #book Stuck Nation: Can the United States Change Course on Our History of Choosing Profits Over People?