Book: Understanding Socialism - Richard D. Wolff
“Socialism is a yearning for something better than capitalism.” This is the rough definition of “socialism” applied in this book. It further characterizes different socialist currents, analyzing them critically without pure dismissal of any. This is done through a probably fairly shallow, but still illuminating, historical analysis. Capitalism he defines as the employer/employee relationship, analog to past economic systems, like master/slave or lord/serf (feudal system) relationships. What socialism seeks to improve originated in the French Revolution, in the uprising of serfs against their lords: liberty, equality and brotherhood, along with democracy.
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