The End of Socialism

Is an idealized form of socialism possible, and if not, why not?

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James Otteson is the author of The End of Socialism (2014) and is a professor of political economy at Wake Forest University. This week he joins us to talk about socialism and explains several problems with the philosophy’s methodology that makes it unworkable in the real world.

What exactly is socialism? What’s the distinction between socialism and corporatism? Why doesn’t socialism work?