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Prof Wolff talks about the different ways we can understand socialism: is it the government or is it a democratic control of our economy? He then uses a story about Lenin to reflect on the current economy in China. Will they move begin to organize the economy democratically?
"So, you have a mixture of state and private capitalism. But Lenin's question stands. Will you, are you in the process, do you have plans for the transformation of this kind of still capitalist economic system to something fundamentally different. And that fundamental means the radical, democratic reorganization of the factory, the office and the store." - Richard Wolff
This is a clip from the November 2021 Global Capitalism Lecture: China - US’s First Real Competitor in a Century
You can watch the full lecture here: • Global Capitalism: Chi...
Or listen to it as a podcast on your favorite podcast player!
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