The 3 Basic kinds of Socialism _on Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMTEconomic Update

The 3 Basic kinds of Socialism
_on ECONOMIC UPDATE with Richard D. Wolff

As ever more people become anti-capitalist and look toward socialist alternatives, it is important to grasp key differences among the alternative kinds of socialism. This program explains those differences among (1) the moderate or “democratic” socialism ( a la Scandinavia), (2) the communist kind of socialism (in the USSR and People’s Republic of China, and (3) the new socialism focused on democratizing the work place. Doing better than capitalism will require deciding which of these three kinds of “socialism” (or what combination of them) will be the better economic structure.

Each show wraps up with Professor Wolff answering some questions that he receives through his website or on Facebook. Economic Update is in partnership with Truthout.org.


This show was broadcast on June 12, 2019.

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