Socialism has acquired an outsized connotation for being the enemy of the core values and tenets of American economic and political life – a threat to private ownership and initiative and a challenger on the international stage of cultural and political domination. While variations on the practical themes of socialist-based public policy abound across the globe, and often with unparalleled success, Socialism has now hit the American political arena with surprising vigor and acceptance, particularly by younger generations who are inheriting the systemic costs of capitalism’s latter stages.
Host Ellen Brown talks with noted economist Dr. Richard Wolff about how the growing discussions about socialism can enrich the broader discussions about problem-solving public issues and moving our economic game forward.
And we also visit with North Dakota author and historian Mike Jacobs in our second installment about the Bank of North Dakota’s history – now 100 years and counting….
First aired on It’s Our Money With Ellen Brown.