Arthur Laffer, Founder & Chairman of Laffer Associates, joins Richard Wolff, Co-Founder of Democracy At Work, to debate the merits of capitalism versus those of socialism, and how to build a more prosperous society.
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*This video was recorded on September 20, 2023
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0:00 - Intro
3:09 - How to solve America's underperformance?
24:50 - Has socialism failed?
38:38 - How to fix income inequality?
45:40 - Uses of surplus
51:05 - Non-hierarchical organization
1:00:19 - Wealth redistribution
1:10:16 - How to create more wealth?
#economics #capitalism #socialism
