Channel: Democracy At Work

Category: News & Politics

Tags: incomecapitalco-opyt:cc=onpublic sectorcompetitionautomationproductivityrichard wolffjusticecapitalismpovertywealthinnovationworkaisocialismmarxeconomydemocracylaborcooperativemarketinequalitywageseconomicsinvention

Description: [S6 E04] Innovation Under Capitalism In this episode of All Things Co-op, Cinar, Larry, and Kevin talk about the issue of innovation under both capitalism and a possible cooperative economy. The innovation we’ve seen over the last 250 years has been so immense that people often believe if we changed our economic system, we’d lose the drive for innovation. Though the innovation achieved under capitalism has led to a decrease in needless death, greater standards of living, and massive economic growth, it has also created immense inequality and has led to ever more frequent recessions. As we approach the era of artificial general intelligence and irreversible climate change, how do we account for and justify the costs associated with capitalism?  **All Things Co-op is a @Democracy At Work production. We make it a point to provide the show free of ads. Please consider supporting our work. Donate one time or become a monthly donor by visiting us at democracyatwork.info/donate or become a patron of All Things Co-op on Patreon: patreon.com/allthingscoop. Your contributions help keep this content free and accessible to all. ________________________________________________________________________________________ Want to help us translate and transcribe our videos? Learn about joining our translation team: bit.ly/2J2uIHH Jump right in: bit.ly/2J3bEZR ________________________________________________________________________________________ Follow us ONLINE: Patreon: patreon.com/allthingscoop Website: democracyatwork.info/atc Facebook: facebook.com/DemocracyatWrk facebook.com/allthingscoop Twitter: twitter.com/democracyatwrk Instagram: instagram.com/democracyatwrk Daily Motion: dailymotion.com/democracyatwrk Shop our CO-OP made MERCH: democracy-at-work-shop.myshopify.com ________________________________________________________________________________________ NEW 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff is now available. Visit: lulu.com/en/us/shop/richard-d-wolff/understanding-marxism/hardcover/product-7zr2y4.html?page=1&pageSize=4 “Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.” Check out all of d@w’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly lulu.com/spotlight/democracyatwork