Rethinking Capital | Paul Krugman, Stephen Dorrell, Alex Callinicos
Philosophy For Our Times
00:00
Is There a Democratically Planted Economy?
The debate about capitalism has been going on for 200 years. And the reason why i think we need a democratically planned economy is because of something a we haven't talked about yet, which is climate change. I simply can't see how we can do that without planning on a very large scale all the stuff of carbon credits and so on. The market tions just don't seem to me to begin to address the scale, scale of the problem. But when you sai, demoocratic o, well, you drop a democratically behand. Because the argument always put you about social miss is fundamentally it results in the concentration of power in too few hands. We know the result.
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