Libertarianism, Capitalism and Socialism_on Economic Update

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

Libertarianism, Capitalism and Socialism
_on ECONOMIC UPDATE with Richard D. Wolff

Libertarians defend capitalism by saying its many current flaws/faults flow from the state’s economic interventions, not from the system itself. Libertarians oppose socialism as even more state-dominated. We criticize libertarians based on capitalism’s long history of strong state interventions and socialism’s long-standing anarchistic components. We conclude by inviting consideration of possible agreements between some libertarians and some socialists.

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 December 18, 2019.

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