Wolff Responds: Monopoly is NOT the Problem; Capitalism is
August 25, 2020
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10:06Now PlayingWolff Responds: Monopoly is NOT the Problem; Capitalism is
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In this Wolff Responds video, Prof. Wolff contends that the growing monopolization of the American economic landscape in which huge firms dominate the industry are not the problem. Focusing on one form of capitalism (monopoly or oligarchy) as being bad simply detracts from the crucial realization that the system as a whole is the problem and the reason for the instability and inequalities.
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