In an interview with University of Massachusetts professor emeritus of economics Richard Wolff, the grass-roots media portal Actvism gets answers to the following questions:

• What are capitalism and socialism?

• What differentiates capitalism from socialism?

• Has either system ever existed in a pure form?

• Was capitalism actually overcome by socialism when the state took over private ownership?

• What changes are required in society to truly implement socialism?

—Posted by Alexander Reed Kelly