AskProfWolff: ESOPs, WSDEs & How to Fund Worker Co-ops

A patron of Economic Update asks: "It would be interesting to contrast and look at ESOPs and WSDEs side by side! I have spent time on the lack of financing options from traditional financial institutions for worker cooperative businesses and speculating on how that could also contribute to the entrenchment of the private business model, effectively crowding out financing but for the private business model. I wonder if credit unions (as existing financial cooperatives) are in a unique position to provide that support or whether a public bank would serve that purpose more effectively."

This is Professor Richard Wolff's video response.

Submit your own question to be considered for a video response by Prof. Wolff on Patreon: https://www.patreon.com/economicupdate/community.


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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