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Socialism? Capitalism? Economist Richard Wolff Explains It All.

Alexander Reed Kelly
Associate Editor
In December 2010, Alex was arrested for civil disobedience outside the White House alongside Truthdig columnist Chris Hedges, Pentagon whistle-blower Daniel Ellsberg, healthcare activist Margaret Flowers and…
Alexander Reed Kelly

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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