Economic Update: Capitalisms Worst Nightmare [Trailer]

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On this week's show: what major social changes will flow from today's combination of major economic crash and the viral pandemic (capitalism's worst nightmare)? To answer, we consider how European feudalism changed after its 14th century combination of economic decline and the bubonic plague. The two big changes then were (1) switching from a decentralized to a strong state, monarchical feudalism and (2) transition from feudalism to capitalism. The two big parallel changes now are also (1) switching to a strong state capitalism and (2) transition from capitalism to a worker-co-op based economy.

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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 mid-September, on our books page:

“The current failed system has a noose around all of our necks. Richard Wolff offers an economic vision that gets our society off the gallows.” - JIMMY DORE

Check out Prof. Wolff's other books "Understanding Socialism" and "Understanding Marxism"
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