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Capitalism Vs. Socialism Debate: Arthur Laffer & Richard Wolff

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. Deposit $100 to get 7 free fractional shares of the "Magnificent 7 Stocks" and 5.1% APY on your uninvested cash: https://j.moomoo.com/00C2rl *This video was recorded on September 20, 2023 FOLLOW ARTHUR LAFFER: The Laffer Center: https://laffercenter.org/ FOLLOW RICHARD D. WOLFF: Richard Wolff website: https://www.rdwolff.coma Twitter (@profwolff):   / profwolff   Democracy At Work:    / @democracyatwrk   FOLLOW DAVID LIN: Twitter (@davidlin_TV):   / davidlin_tv   TikTok (@davidlin_TV):   / davidlin_tv   Instagram (@davidlin_TV):   / davidlin_tv   For business inquiries, reach me at [email protected] *This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates. 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