In this lecture, professor Richard Wolff explains in clear language and with easily understandable example, how capitalism is theft…

In this short video professor Wolff brings up a point which reveals true nature of capitalism, and the reason why it cannot be “repaired”. It is faulty at the level of idea. It's a theft. A robbery that can be done only under the state oppression mechanism…

Duration: 9:19

If you would like to watch his full lecture on the history of Socialism at the Levy Economics Institute (April 22, 2016) you can do it at this link…

Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York.