Richard Wolff: What is Marxism? Capitalism Versus Marxism Explained

Professor Richard Wolff answers the question: what is Marxism? Jason Hartman and Professor Wolff discuss the pros and cons of the Marxist system versus capitalism. Professor Wolff also explains the differences between conservative, liberal, and Marxist philosophies on economics.

1:25 Were Karl Marx’s ideas applied wrong?

7:12 “A liberal and a Marxist are not the same thing.”

9:17 What is a Marxist?

11:35 Capitalism didn’t make the break from feudalism and slavery that it thought it did.

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