A Patron of Democracy at Work asks: "Greetings Prof Wolff, my question is one of ethics. How does a collective remain competitive in a dog-eat-dog capitalist environment when the expectation is that a worker-owned enterprise would be presumed to follow the law? I'm not saying all privately-held enterprises are corrupt but it follows that if a given firm were to cut corners, all other competitors would have to follow suit to continue to exist. And what of deregulation? Are there examples whereby ethical principles are an existential threat to coops under capitalism?"
This is Professor Richard Wolff's video response.
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