[S9 E47] Libertarianism, Capitalism and Socialism




Economic Update with Richard D. Wolff show

Summary: Libertarians defend capitalism by saying its many current flaws/faults flow from the state's economic interventions, not from the system itself. Libertarians oppose socialism as even more state-dominated. We criticize libertarians based on capitalism's long history of strong state interventions and socialism's long-standing anarchistic components. We conclude by inviting consideration of possible agreements between some libertarians and some socialists.