AskProfWolff: Wages in a Communist System
A patron of Economic Update asks: "In communism those who contribute most to society receive the most in return (ie. the fruits of their labor), and those who contribute less get less. How does this not create the same situation we are in now under capitalism? Does this not create a dependence on your job to keep yourself alive? Is it not the same situation we're in? Additionally, how would the contribution of a painter or philosopher to society be compared to the contribution of a construction or factory worker to society in communism?"
This is Professor Richard Wolff's video response.
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“A magnificent source of hope and insight.” Yanis Varoufakis, Greek economist, academic, philosopher, politician, author of Talking to my daughter about the economy.
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