#295 – Richard Wolff: Marxism and Communism
Lex Fridman Podcast
The Roots and Realities of Capitalism
This chapter examines the historical emergence of economics in the context of capitalism, highlighting the critiques of early philosophers like Plato and Aristotle regarding market dynamics and social inequality. It discusses the ethical dilemmas of capital distribution and the contradictions within capitalist systems, particularly focusing on labor and minimum wage issues in the contemporary U.S. The dialogue emphasizes the need for regulation to balance the market's benefits with its detrimental effects on workers' living standards.
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