A conversation map to guide future prospective viewers. Take it or leave it; it is simply my imploration to help. This time - reason.tv's Oxford-style debate of Socialism vs Capitalism feat. Professor Richard D. Wolff and Dr. Gene Epstein
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00:02:35 : Proff. Richard D Wolff initial case: pro socialism. 00:06:20 Communism like Socialism, need to be transformed. Aim: “democratisation” of workplace. 00:11:00 Capitalism always expects cycles of failures “business cycles” [see implied reference ~ from four to seven years]. 00:15:00 “Work” is no democracy at all. Past experiments - Cuba, USSR, etc - still ironically leave all powers to handful few. 00:20:00.
Dr. Gene Epstein initial case Begins: contra socialism, former socialist at youth. Despite government intervention believed capitalism is far more preferable by far than failed experiments the USSR, Cuba, etc. 00:22:00 Advocates and agrees with Richard’s case "Employee should become their own employers” . 00:24:50 : [facts cited] without government coercion, democratisation workplace seems impossible. 00:27:00: Richard’s model would aim to overthrow venture capitalism; alongside “socialised banking”. 00:29:00: critique on Richard model of selecting 1960s model of “participatory democracy”; citing another author’s sentiment on this model’s unsustainability. Freedom of speech and journalism likely remain under threat within Socialism. 00:36:00: admission that current system indeed has much to improve; due to Federal Reserve’s flawed and unstable policies.
00:38:30: Rebuttal (Wolff) begins. Response/proposal: make existing system “better”. Dispelling the fear of current paternalism of “making do with what we have.”. Transform at the base of society - not at the overarching ruling of a Government (the few), but by its citizens by re-examining the relationship of employers vs employees (the majority).
00:43:50: Rebuttal (Epstein) begins. Response/proposal: lack of specificity and clarity in Richard’s model of socialism; lack of clarity in all microcosmic planning. Encourage more co-ops as mutual workers movement. Current system advocates privatisation of all “profits” but at least socialise all “losses”. Advocate “being in business for yourself” as self-directed enterprise.
00:49:25: Audience Q & A begins. Q for Wolff: Why is it not possible to learn about Marxist economics within present academia institutions?
00:56:57: Q For Wolff: in a 100% true capitalist model whereby freedom is desired why shouldn’t there be a platform allowing an even split / coexistence solely for capitalists and another for socialists?
00:59:40: Q for Richard: non-aggression principle - does socialism intrinsically violate this principle?
1:07:12: Q: is economic growth ideal? What about AI? working hours debate. 1:14:00: Q: opioid crisis - how does socialism solve this? 1:17:25: Q for Richard - Will socialism be or not be mandated by the state?
1:20:00 Q: are federal domestic tax rates the only way to fund federal spending?
1:20:20: Q: Where / how does technology fits in all this debate? Which “platitudes” is better - capitalist or communist?
1:24:30: Final statements from Richard and Gene. Richard: “There is no such thing as singular socialism.” Gene: “We are both radicals.” .”We believe in individual rights.”. — Amends welcome. Please help yourself / contribute further in the comments.