"Capialism" resists a short definition that captures nuance. Richard D. Wolff explains how captialism is a many faceted phenomenon with varied structure and function.
Economy For All
Richard D. Wolff – Many Terms That Are Frequently Used to Describe Capitalism Simply Don’t Hold Up Under Scrutiny
Socialist turned shyster.
ReplyDeleteIronic how he isn't content to be funded exclusively through voluntary donations, i.e. the gift economy
Wolff knows very well how capitalism differs from socialism: commodity production and wage labour contracts. The rest can be described as elements of a mixed economy, but if you do that, there is less opportunity to plaster the term "socialist" all over the place.
Stopped listening to him months ago.