3min chapter

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#295 – Richard Wolff: Marxism and Communism

Lex Fridman Podcast

CHAPTER

What Is Worse? Government or Companies?

In theory, government is perfectly accountable. That's the whole point of a democratic system. In practice, there's a giant growing bureaucracy that is accountable only on the surface. The greatest practitioners of central planning are corporations. Elon has an operation like General Motors, Ford, IBM, or any of the other megacorps. They have to plan and buy up companies because they don't want to deal in the market.

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