Economy History Labor Richard Wolff

VIDEO: Richard Wolff: Marxism and Communism | Lex Fridman Podcast #295

By Richard Wolff and Lex Fridman / Lex Fridman Podcast

Conversation between Richard Wolff and Lex Fridman exploring questions surrounding Marxism, communism, capitalism, socialism, human nature, economics, governments, corporations and more.

Richard Wolff
Richard Wolff

Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University, New York City.
Earlier he taught economics at Yale University (1967-1969) and at the City College of the City University of New York (1969-1973). In 1994, he was a Visiting Professor of Economics at the University of Paris (France), I (Sorbonne). Wolff was also regular lecturer at the Brecht Forum in New York City.

Lex Fridman
Lex Fridman

Lex Fridman is an AI researcher working on autonomous vehicles, human-robot interaction, and machine learning at MIT and beyond.


  1. Last I heard, Wolff abandoned socialist and communist ideals and replaced them with advocacy of worker-owned coops. I think that’s a much better idea.

  2. I personally think co-op’s is a way better thinking for our society as a whole, rather than you versus me as a way of thinking for all of US ! Just my perspective.

    1. @Tyler Russell
      Yes, and Wolff proposed this years ago. If every company were worker-owned, we’d have the best of socialism and capitalist competition put together. The workers would have a direct say in their work, pay, and benefits, but the companies would still compete with each other. Capitalism is a cancer that must be eliminated, but socialism without any competition or incentive leads to something like the Soviet Union where people just show up for work but don’t give a damn about it because they have a right to a job.

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