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Robinson's Podcast
127 - Richard Wolff: What’s Wrong with Capitalism?
Aug 13, 2023
Richard Wolff, Marxist economist, discusses the dismissal of Marx by mainstream economists, the basics of economics, problems of capitalism, and social consequences of capitalism.
01:32:19
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Quick takeaways
- Excluding Marxism from intellectual discourse is shortsighted and hinders understanding and intellectual growth.
- Capitalism as an economic system leads to undemocratic organization, instability, and perpetuates gross inequalities in income and wealth.
Deep dives
Exclusion of Marxism and the Importance of Understanding Different Perspectives
It is important to not exclude Marxism from intellectual discourse as it is necessary to understand how people think differently, especially if they have nuclear weapons. The Cold War and McCarthyism led to the marginalization of Marxists, causing many universities to purge Marxist professors. However, excluding Marxism is shortsighted and hinders intellectual growth and understanding.
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