Economic Update – Capitalism and its Others – 07.19.15

Today’s program focuses on two alternatives to capitalism. The first is an alternative to how capitalism organizes enterprises in terms of their internal workings and relationships. We examine workers self-directed enterprises: how they work and how they compare to capitalist enterprises. In the program’s second half we look at an alternative to how capitalism organizes the economy as a whole: the socialist tradition that has evolved multiple different forms in the world today. We examine how socialism has evolved, its complex relationship with government, and how socialism compares with capitalism.