AskProfWolff: What is the difference between market socialism and centralized socialism? (Patreon)

AskProfWolff: What is the difference between market socialism and centralized socialism?

Submit your own question for Prof. Wolff on Patreon: https://www.patreon.com/economicupdate Help us reach 100,000 subscribers! Please hit the red SUBSCRIBE button above. Support the show Economic Update with Richard D. Wolff. Become a part of the growing Patreon community and gain access to exclusive patron-only content, along the ability to ask Prof. Wolff questions like this one! A patron asks: What is the difference between market socialism and centralized socialism? Does this relate to the 'new' and 'old' socialism you've written about? Follow Wolff ONLINE: Web: http://www.rdwolff.com Patreon: https://www.patreon.com/economicupdate Twitter: http://twitter.com/profwolff Facebook: http://www.facebook.com/EconomicUpdate http://www.facebook.com/RichardDWolff http://www.facebook.com/DemocracyatWrk Subscribe to the EU podcast: http://economicupdate.libsyn.com Shop for EU merchandise: http://bit.ly/2JkxIfy Prof. Wolff's latest book "Understanding Marxism" http://bit.ly/2BH0lkL