3min chapter

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#295 – Richard Wolff: Marxism and Communism

Lex Fridman Podcast

CHAPTER

What Is the Alternative?

The alternative path would have been to keep all the workers, pay them exactly the same that you did before for half a day's work. The majority of workers would have been really helped by this technology, but instead they were screwed so that one guy, the employer could make a big bundle of more money. But then what cost does that have on the deadline-fueled, competition-fueled machine of technological innovation that is the positive side of capitalism? It slows it down. And the question is, which is more important for the flourishing of humanity? I agree with that, and I'd love there to be a democratic mechanism. So let's debate it.

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