In an interview with University of Massachusetts professor emeritus of economics Richard Wolff, the grass-roots media portal Actvism gets answers to the following questions:

• What are capitalism and socialism? • What differentiates capitalism from socialism? • Has either system ever existed in a pure form? • Was capitalism actually overcome by socialism when the state took over private ownership? • What changes are required in society to truly implement socialism?

—Posted by Alexander Reed Kelly

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#capitalism#communism#marxism#richard wolff#socialism