Wake Up Call Segment Producer/Host MK Mendoza speaks with renowned Economist, Lecturer, Author, Talk Show Host and Commentator, Dr. Richard D. Wolff on "Why Capitalism Creates Socialism" in this exclusive 4-part interview series. The series looks at exactly how socialism works, why it became demonized during the post World War II era and why it's now gaining in popularity. In this part, Dr. Wolff discusses how socialism has been considered a “taboo” topic since the 1930s. He cites capitalism’s own failure since then, especially in regard to the 2008 crisis, as having lifted that taboo toward a long-awaited honest dialogue about socialism, with all it’s pros and cons and in all its machinations. He notes that capitalism is now a global system and that any of its failures will be felt worldwide rendering nationalism an expired notion. He highlights the commitment to socialism echoed in the younger generations compared to that of the older generations. While he warns against the ever-present possibility of it being co-opted by larger and powerful moneyed interests, he strongly believes we may be riding a wave that will bring back socialism's existence. You can listen to Dr. Wolff every Saturday right here on KSFR from 8-8:30am on his own show, "Economic Update" or at his various websites listed below and across the full variety of media outlets from you tube to twitter, found on his websites.
A link to Dr. Richard D. Wolff's websites below:
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