Economic Update: Libertarianism, Capitalism & Socialism


Democracy At Work has the video Economic Update: Libertarianism, Capitalism & Socialism.

[S9 E47] This episode of Economic Update features an exploration by Professor Wolff of how Libertarians defend capitalism by saying its many current flaws/faults flow from the state’s economic interventions, not from the system itself. He then explains why Libertarians oppose socialism as another, even more, state-dominated intervention into the capitalistic system. Prof. Wolff then offers a critique of Libertarianism based on Capitalism’s long history of strong state interventions and socialism’s long-standing anarchistic components. He goes on to wrap it all up by inviting Libertarians and Socialists to find potential points of agreement against capitalism.


This might blow the minds of Libertarians (and even some Socialists).

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