Wealth #10: Socialism, Capitalism, and Marx w/ Dr. Richard Wolff

Richard D. Wolff is Professor of Economics Emeritus at the University of Massachusetts, Amherst, and the Visiting Professor at New School University. Dr. Wolff is a well-known critic of contemporary capitalism and the leading proponent of an alternative economic system based on Worker Self-Directed Enterprises. He has written a number of books on Socialism, Marxism, and Capitalism. He is also a founding director of Democracy at Work. Dr. Richard Wolff's Books: Understanding Marxism: https://amzn.to/3nA8p27 Understanding Socialism: https://amzn.to/3nBlloi The Sickness is the System: https://amzn.to/3HN73YI Follow Dr. Wolff: YouTube ‪@RichardDWolff‬ ‪@democracyatwrk‬ Twitter   / profwolff   TIMESTAMPS 01:20 Why do Americans hate Socialism 06:20 What is Socialism 09:00 First Attempts at Socialism 11:50 Types of Socialism 20:30 Practical Systems for a labor organization 22:00 Case Study: Mondragon Co-operative 30:45 Venture Capital and Socialism 33:00 Socialism is possible in the US 40:40 Weaknesses of Socialism #richardwolff #socialism #marxism