UVU: The Great Recession and the Failure of Capitalism with Paul Mattick

The Great Recession and the Failure of Capitalism, Paul Mattick,Professor of Philosophy, Adelphi University, New York, Part of the 2011 Ethics Awareness Week from the Center For the Study of Ethics.

Category:

Education

Tags:

• UVU
• Utah
• Valley
• University
• College
• of
• Humanities
• and
• Social
• Sciences
• Center
• for
• the
• Study
• Ethics
• Great
• Recession
• Failure
• Capitalism
• Paul
• Mattick

[prolelog]

@yuzhimeng6: That's because Mattick comes from a tradition within Marxism that is highly skeptical--if not down-right hostile--to the claims of the former Soviet Union, China, Cuba, et al of being "socialist".

[prolerat]

He wouldn't see the USSR as anything other than a state capitalist system.Socialism is a free access moneyless social system based upon, "From each according to their ability, to each according to their needs".Russia's Leninist revolution was essentially a capitalist one.It deposed feudalism and enthroned capitalism albeit in the absence of major capitalist enterprises the state had to create those.

[yuzhimeng6]

I find it amusing that he does not mention socialism at all. The USSR despite having a corrupt bureaucracy (much less so than that of the US) was able to pull itself up from a third-world backwater into being a modern superpower by the 1970s, despite having the major capitalist powers (Britain, France, USA, West Germany) maintain unthinkable amounts of pressure on their borders.