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Season 9 · Episode 47
[S9 E47] Libertarianism, Capitalism and Socialism
Economic Update with Richard D. Wolff
December 12, 201928m 59s
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Show Notes
Libertarians defend capitalism by saying its many current flaws/faults flow from the state's economic interventions, not from the system itself. Libertarians oppose socialism as even more state-dominated. We criticize libertarians based on capitalism's long history of strong state interventions and socialism's long-standing anarchistic components. We conclude by inviting consideration of possible agreements between some libertarians and some socialists.