Richard Wolff has done a 6

April 2024 Forums General discussion PRESIDENT Donald Trump Richard Wolff has done a 6

#123077
Anonymous
Inactive

Richard Wolff has done a 6 month update on the Trump economy.As I noted before, Wolff does not envisage the same solution to the problem of capitalism as the SP does – he is a champion of workers' co-ops and state intervention (as far as I can gather, I have only seen him on Youtube).However, he explains some concepts really well and is a witty and engaging speaker.I learnt a new word from this video: Monopsony – "a market structure in which only one buyer interacts with many would-be sellers of a particular product." ("the one buyer" being the state, in this case.)If you decide to watch the video, and don't want to listen to the preliminaries, fast forward to about 7 minutes in:https://www.youtube.com/watch?v=ocoAA3iw0kk