Chapter
The Misunderstanding of Socialism among the Left
1:02:53 - 1:15:22 (12:28)
There is often confusion among the left between those who accept capitalism but want to regulate it and those who want to eliminate capitalism. The latter is not the recipe for abundance and freedom, and those who are in favor of it misunderstand socialism.
Clips
The disappointment with the image and reality of capitalism in the interwar period and the middle class economic boom from the late 1940s to the 70s were factors that led some people to consider socialism as an alternative, similarly to what we see happening today.
1:02:53 - 1:05:45 (02:51)
Summary
The disappointment with the image and reality of capitalism in the interwar period and the middle class economic boom from the late 1940s to the 70s were factors that led some people to consider socialism as an alternative, similarly to what we see happening today.
ChapterThe Misunderstanding of Socialism among the Left
EpisodeStephen Kotkin: Stalin, Putin, and the Nature of Power
PodcastLex Fridman Podcast
The left is in a state of confusion about whether they want to regulate capitalism or eliminate it completely, with some understanding the negative consequences of eliminating capitalism, while others citing Marx as a reference for the need to drop capitalism completely to achieve freedom and equality.
1:05:45 - 1:15:22 (09:37)
Summary
The left is in a state of confusion about whether they want to regulate capitalism or eliminate it completely, with some understanding the negative consequences of eliminating capitalism, while others citing Marx as a reference for the need to drop capitalism completely to achieve freedom and equality.