Free Speech TV: Video: The Big Picture With Thom Hartmann: Richard Wolff What to do when Capitalism Fails

The New Democrat

Didn’t catch the part about what Professor Richard Wolff would do when capitalism failed. He just said how he believed it would fail and why it would fail but not what would happen next. I could give you what he’s said in the past about what should replace capitalism, at least in its current form in America.

And he’s argued in the past for simply replacing capitalism with a Marxist economic system of state ownership across the board, and a few months ago I read a column of his arguing for economic cooperatives, which is a more Socialist form of capitalism, where the employees themselves would each own a share of the business at which they work, not government, which is different. I believe this is an excellent alternative to the corporate centralized model as long as it is not mandated by government but where management or individuals make the decision to cooperate themselves, for lack of a better word, but I didn’t hear him call for these things in this video.

About Derik Schneider

I’m an easy going guy who is never afraid to crack a joke. I’m almost always in a good mood, I believe the happier you are the better off you’ll be & the longer you’ll live. I believe in living life rather than being alive. Very hard to get me down. I tease because I care. I try to find humor in everything & everyone that I see. I tease anyone that I respect, care about, like, or love. If I’m not joking around with you, or teasing you, it is because I don’t know you well, don’t like you or you don’t mean a whole hell of a lot to me. I blog about a lot of different things, because I have a lot of different interests and knowledgeable about a lot of those areas. How knowledgeable I am, you can decide that for yourself by checking out my blog. And we can talk about what is what in an adult professional manner. And perhaps even learn things from each other that we didn’t know going in.
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