Richard Wolff: Difference between socialism & communism and what they both missed

Richard Wolff: Difference between socialism & communism and what they both missed

But with the Russian Revolution a great change happened. The Russians, through a revolution in 1917, took over, closed the stock market, made industries the property of the government to be run on behalf of all the people, and instituted…

Economic Update: Working Class History and the 2020 Election

Economic Update: Working Class History and the 2020 Election

Welcome, friends, to another edition of Economic Update, a weekly program devoted to the economic dimensions of our lives. I’m your host, Richard Wolff, and today’s program takes into account the fact that Americans are beginning to look into the…

Bitcoin Q&A: Will governments ban cryptocurrencies?

Bitcoin Q&A: Will governments ban cryptocurrencies?

[QUESTIONER:] According to what you said, Bitcoin is possibly going to be banned .. in the next year, or very strictly controlled. [ANDREAS:] In some places, yes. [QUESTIONER:] For instance, one of these places could be China. [ANDREAS:] Unlikely, but…

David Graeber - what is money?

David Graeber – what is money?

all right about money what does money there's a lot of theories about that HUD which shows you something in itself that there's no king which dominates our entire lives and no one's quite sure what it is but when…