Richarddwolff
@richarddwolff·355K subscribers·501 videos
Wolff Responds: Why Capitalism is NOT a Market System
Posted
October 1, 2020
Views
42,108
Likes
3,213
Comments
558
Engagement
8.96%
October 1, 2020
42,108
3,213
558
8.96%
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Wolff Responds is a @democracyatwrk production. We provide these videos free of ads. Please consider supporting our work. Visit our website democracyatwork.info/donate or join our growing Patreon community and support Global Capitalism Live Economic Update with Richard D. Wolff at
In this Wolff Responds, Prof. Wolff argues that capitalism is not a market system. Markets in fact, predate capitalism. What is distinctive about the capitalist system is the relationship between employer and employee. Capitalism is an undemocratic, authoritarian production system that has outlived its usefulness as evidenced by the disaster of global warming, the world-wide pandemic and the disasters of grotesque inequality.
Learn more about Prof Wolff's new book, "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself" available now at www.democracyatwork.info/books.
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