Season 10 · Episode 33
China: Capitalist, Socialist, or What?
Economic Update with Richard D. Wolff · Democracy at Work - Richard D. Wolff
August 20, 202028m 59s
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Show Notes
On this week's episode, Prof. Wolff talks about the Chinese economy. China is run by a Communist Party but describes itself as socialist, while the employer/employee structure of its enterprises is capitalist. We examine what this means for (a) its place in the world economy, (b) its place in the transition from capitalism to socialism/communism, and (c) its conflict with the US.