Economic Update: China: Capitalist, Socialist or What?


[S10 E33] China: Capitalist, Socialist or What?

**Economic Update is a @Democracy At Work production. We make it a point to provide the show free of ads. Please consider supporting our work. Donate one time or become a monthly donor by visiting us at democracyatwork.info/donate or become a patron of Economic Update on Patreon: https://www.patreon.com/economicupdate. Your contributions help keep this content free and accessible to all. Now more than ever, sharing Prof. Wolff’s message is critical.

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/employee structure of its enterprises is capitalist. We examine what this means for (a) its place in the world economy, (b) its place in the transition from capitalism to socialism/communism, and (c) its conflict with the US.
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Learn more about Prof Wolff’s new book, “The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself” released in September 2020. Available as a paperback now!
http://www.democracyatwork.info/books

“Richard Wolff in his new book examines frightening and anti-democratic configurations of corporate power, offering not only a blueprint for how we got here, but a plan for how we will rescue ourselves and create new models of economic and political justice.” – Chris Hedges

Check out Prof. Wolff’s other books “Understanding Socialism” and “Understanding Marxism”
http://www.lulu.com/spotlight/democra…
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About agogo22

Director of Manchester School of Samba at http://www.sambaman.org.uk
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