By Alexander Green On Monday, Alex discussed a recent debate of socialism versus capitalism that he attended.
Today, he’s taking a deeper look at some of the socialist arguments and why they’re not valid in today’s market.
In my last column, I reported on a debate I attended in New York City last week where two capitalists squared off against two socialists, including author and academic Richard D. Wolff, a committed Marxist.
It was an Oxford-style debate. And the socialists won.
That surprised me.
Partly because socialism has been an abject failure everywhere it’s been tried – ask any Cuban or Venezuelan – but also because Wolff made …read more
