Socialism vs Communism

Length: (7 mins.) ... Date: (Feb 2019) ... Source: https://youtu.be/wkd_DDQ63gI

TALK | discourse

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Socialism, the idea of people-powered political decision-making, has a range of versions. But our divergent self-interests means we struggle with that and so we appoint a government to act on our behalf. But hierarchical authority, with centralised power, is inherently a self-serving mechanism leading to totalitarianism. Are we smart enough to break that pattern yet?

Social Democracy and Communism are both versions of socialism to which whole societies have, in good heart, committed themselves - and failed. Marxism expert Professor Richard Wolff here explains the feedback loop which eventually causes that failure.

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