A Patron of Economic Update asks: "I have a question about "public option" businesses. Do you know of any examples of government-funded "public option" businesses, out in the world today or historically, that have competed with privately owned businesses in the market? How did it work out, and did they have any effect on inflation?"
This is Professor Richard Wolff's video response.
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“Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.”
Check out all of [email protected]’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly at http://www.lulu.com/spotlight/democracyatwork