Economic Update: China: Capitalist, Socialist or What?
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On this week's episode, Prof. Wolff talks about the Chinese economy. China is run by a Communist Party but describes itself as socialist, while the employer/...

Is this guy a revisionist or what? I like his explanation of Marxist concepts but his analysis of existing socialism consistently falls short

  • NothingButBits
    7·
    4 years ago

    I also like his videos, but it’s painful when he talks about socialist countries. The worker co-op thing is also a bit tiresome. I also don’t understand why he always points to European countries when giving examples of how to tackle the COVID-19 crisis. Clearly the socialist countries are winners here.

    • China and Vietnam are some of the few countries in the world that will have economic growth this year.

    • Cuba has sent doctors all around the world to help with the crisis.

    • The DPRK is trying to develop their own vacine.

    Meanwhile the European countries couldn’t even agree on a common bailout, gave almost no assistance to Italy, can’t do proper quarantines because “THE ECONOMY”, and are more concerned about what’s happening in Belarus than the alarming rising number of infected people.