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Richard D. Wolff: What Are Capitalism and Socialism? What Differentiates Them?

Tuesday, February 28, 2017 By Zain Raza, acTVism Munich | Video Interview
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This interview with Richard D. Wolff, University of Massachusetts professor of Economics Emeritus, Marxist economist and founder of Democracy at Work, discusses capitalism and socialism, including:

  • What is capitalism and socialism?
  • What differentiates capitalism from socialism?
  • Has either system ever existed in its purest form?
  • Was capitalism actually overcome by socialism when the state took over private ownership?
  • What changes are required in society to truly implement socialism?
This piece was reprinted by Truthout with permission or license. It may not be reproduced in any form without permission or license from the source.

Zain Raza

Zain Raza is a contributor to acTVism Munich, an independent, grassroots and nonprofit media outlet that broadcasts in multiple languages regularly from Munich.

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Richard D. Wolff: What Are Capitalism and Socialism? What Differentiates Them?

Tuesday, February 28, 2017 By Zain Raza, acTVism Munich | Video Interview
  • font size decrease font size decrease font size increase font size increase font size
  • Print

Media

This interview with Richard D. Wolff, University of Massachusetts professor of Economics Emeritus, Marxist economist and founder of Democracy at Work, discusses capitalism and socialism, including:

  • What is capitalism and socialism?
  • What differentiates capitalism from socialism?
  • Has either system ever existed in its purest form?
  • Was capitalism actually overcome by socialism when the state took over private ownership?
  • What changes are required in society to truly implement socialism?
This piece was reprinted by Truthout with permission or license. It may not be reproduced in any form without permission or license from the source.

Zain Raza

Zain Raza is a contributor to acTVism Munich, an independent, grassroots and nonprofit media outlet that broadcasts in multiple languages regularly from Munich.