Chapter
Defining Socialism and its Relationship with the State
30:20 - 38:47 (08:27)
Socialism becomes a reality when the working class captures the state, and uses its power to transition from capitalism to a better political and economic system. Despite different misconceptions, the socialist reform achieved significant successes in the U.S. during the 1930s, including the establishment of social security.
Clips
Socialism occurs when the working class captures the state and uses its power to transition from capitalism to a better system.
30:20 - 36:26 (06:05)
Summary
Socialism occurs when the working class captures the state and uses its power to transition from capitalism to a better system. The reform in the 1930s led to significant achievements like the implementation of social security and the organization of more people into unions than ever before.
ChapterDefining Socialism and its Relationship with the State
Episode#295 – Richard Wolff: Marxism and Communism
PodcastLex Fridman Podcast
The widespread belief in America that government services such as the post office and Amtrak are examples of socialism is flawed.
36:26 - 37:19 (00:53)
Summary
The widespread belief in America that government services such as the post office and Amtrak are examples of socialism is flawed. This is because capitalism is defined by private, not governmental ownership.
ChapterDefining Socialism and its Relationship with the State
Episode#295 – Richard Wolff: Marxism and Communism
PodcastLex Fridman Podcast
This podcast discusses the connection between central planning and Marxism, clarifying that central planning has nothing to do with Marx's work and is often associated with Soviet Union's implementations.
37:19 - 38:47 (01:28)
Summary
This podcast discusses the connection between central planning and Marxism, clarifying that central planning has nothing to do with Marx's work and is often associated with Soviet Union's implementations. The central idea of Marx's work is about the exploitation of the working class and the need to move beyond capitalism.