Aaron Bastani and Matthew Lesh lock horns over two conflicting economic worldviews.

Is the success of the iPhone testament to the power of the free market or state intervention?

Watch the full debate at https://iai.tv/video/marxismvscapit...

Marxism and Capitalism represent the two main economic worldviews in conflict. One promises a utopian vision of equity for all, the other preaches individualism and fierce competition as the way to get ahead. Join luxurycommunism campaigner Aaron Bastani as he goes headtohead with Institute of Economic Affairs’ Matthew Lesh. Hosted by Myriam François.

#marxism #capitalism #debate

Aaron Bastani is cofounder of @NovaraMedia , one of the most influential independent, radical leftwing media organizations in the UK. He is also author of Fully Automated Luxury Communism, a manifesto for his vision of 21st century communism.

Matthew Lesh is the Director of Public Policy and Communications at the Institute of Economic Affairs. He is also a Fellow of the Adam Smith Institute and Institute of Public Affairs, and writes regularly for The Times, The Telegraph and The Spectator.

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00:00 Introduction
00:43 Capitalism pitch
03:48 Marxism pitch
09:48 Critique of Marxism
10:38 Which countries have the best economic regimes?
11:58 Critique of capitalism
13:50 No free market in housing
14:36 Global inequality has declined
16:04 Organised labour raises living standards


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