Season 10 · Episode 28
The "Great Debate" that Wasn't
Economic Update with Richard D. Wolff · Democracy at Work - Richard D. Wolff
July 16, 202028m 59s
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Show Notes
Throughout capitalism's history, the big topic in economics was how far the government should intervene in the economy. Conservatives wanted minimum intervention while liberals and socialists wanted much more. In fact, government intervention mostly aimed at saving, protecting, supporting capitalism. The genuinely "great debate" could and should have been about the strengths and weaknesses of capitalism versus those of a real alternative system, socialism.