A patron of Economic Update asks: "My question is, would worker owned and operated cooperatives operating in a market driven, profit motivated economy be more immune to the boom-bust cycle we see in capitalism? Or would such cooperatives just be more resilient throughout the "business cycle?" What about an economy composed of cooperatives makes it less unstable than a capitalist one?"
This is Professor Richard Wolff's video response.
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Learn more about Prof Wolff's new book, "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself," available now at www.democracyatwork.info/books
“A magnificent source of hope and insight.” Yanis Varoufakis, Greek economist, academic, philosopher, politician, author of Talking to my daughter about the economy.
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