Ask Prof Wolff: Can Public Enterprises Compete With Private?

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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