Why does Richard Wolff argue that socialism is preferable to capitalism?
— Richard Wolff argues that socialism promotes freedom, equality, and prosperity, addressing the failures of capitalism.
What is the New Deal coalition and what did they implement?
— The New Deal coalition consisted of socialists, communists, and unions, and they implemented social programs funded by taxes on the rich.
What are the failures of capitalism that socialism recognizes?
— Socialism recognizes the failures of capitalism, including instability, inequality, and lack of democracy.
How does capitalism contribute to extreme wealth inequality?
— Capitalism has led to extreme wealth inequality, with the richest few having more wealth than the bottom half of the population.
What is the new direction of socialism in the 21st century?
— The new direction of socialism is to democratize the workplace and make decisions collectively to eliminate inequality and irrationality in the economy.
We’ve got the additional info