"Capitalism, also, has always had, like feudalism, moments when it broke down. When, for whatever complex of reasons, people didn't connect to each other as employer and employee... Some [experiments] worked, some didn't, just like the experiments going beyond feudalism. Some worked some didn't. It took time for the conditions to ripen so that there could be a general transition." - Richard Wolff
Watch the full episode: https://www.youtube.com/watch?v=l9BNi6I53p0
We make it a point to provide the show free of ads. Please consider supporting our work.
Become an EU patron on Patreon: https://www.patreon.com/economicupdate
Become a monthly donor via our website: https://www.democracyatwork.info/donate
Learn more about Prof Wolff's NEW BOOK, "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself," that came out last week, on our books page:
"Richard Wolff in his new book examines frightening and anti-democratic configurations of corporate power, offering not only a blueprint for how we got here, but a plan for how we will rescue ourselves and create new models of economic and political justice.” - Chris Hedges
Check out Prof. Wolff's other books "Understanding Socialism" and "Understanding Marxism"
Want to help us translate and transcribe our videos?
Learn about joining our translation team: http://bit.ly/2J2uIHH
Jump right in: http://bit.ly/2J3bEZR
Follow us ONLINE:
Subscribe to our podcast: http://economicupdate.libsyn.com
Shop our Store: http://bit.ly/2JkxIfy