Economic Update: China: Capitalist, Socialist or What?

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

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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!
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Check out Prof. Wolff's other books "Understanding Socialism" and "Understanding Marxism"
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