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Richard Wolff on the Free Market

"The free market that I just described has never existed... In other words what markets do is distribute whatever is scarce to the people with the money. The most money wins. Well if the market is a game in which those with the most money win then it's a game that favors the people with the most money. This is not rocket science, friends. The market is a system that favors the rich which is why the rich love markets." Watch the entire episode here:    • Economic Update: U.S. Economy and the...   We make it a point to provide the show free of ads. Please consider supporting our work. Become an EU patron on Patreon:   / economicupdate   Want to help us translate and transcribe our videos? Learn about joining our translation team: http://bit.ly/2J2uIHH Jump right in: http://bit.ly/2J3bEZR Follow us ONLINE: Patreon:   / economicupdate   Websites: http://www.democracyatwork.info/econo... http://www.rdwolff.com Facebook:   / economicupdate     / richarddwolff     / democracyatwrk   Twitter:   / profwolff     / democracyatwrk   Instagram:   / democracyatwrk   Subscribe to our podcast: http://economicupdate.libsyn.com Shop our Store: http://bit.ly/2JkxIfy Prof. Wolff's latest book "Understanding Marxism" http://www.lulu.com/spotlight/democra...