Professor Richard Wolff: The coming economic crash will be like NOTHING in history 1

The capitalism vs socialism economic paradigm that emerged in the 19th century is outdated. Modern states have retained elements of both of these and fused into Burham’s managerial revolution and Kotkin’s neo-feudalism. The new paradigm should be neo-feudalism/managerial elite vs. anarchism.

Professor of Economics Richard Wolff explains the dire direction our economy is headed towards as unemployment continues to skyrocket.

One comment

  1. I heard quite a bit of Wolff’s gum-flapping and find it incoherent stringing together of slogans.

    This debate between minarchist Epstein and him highlights it:

    Both are old fogie radicals, but Wolff talks down to us like we are captive in his dingy classroom. Sort of like how most socialists talk.

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