5min chapter

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#303 – Steve Keen: Marxism, Capitalism, and Economics

Lex Fridman Podcast

CHAPTER

Why Did Socialism Fail in Your View?

Mensheviks believed Russia had to go through a capitalist period before it become socialist. The Bolsheviks believed they could get there in one go. John Oscorn: Why did socialists not innovate? Because if you go back to this famous historical incident with Khrushchev, we're going to bury you in commodities and produce more output than output. And he was wrong.

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