AskProfWolff: How Socialism Deals with Monopoly

A Patron of Economic Update asks: "How do you prevent monopolies without the use of government? Furthermore, how does a socialist mode of production prevent monopolies from forming? Or would government intervention still be a necessary function? Is this because socialism is usually predicated on the idea of cooperation instead of competition, or would this require a shift in the paradigm of how we conduct our business?"


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Learn more about Prof Wolff's new book, The System is the Sickness: When Capitalism Fails to Save Us from Pandemics or Itself, available now at www.democracyatwork.info/books

"Richard Wolff in his new book examines frightening and anti-democratic configurations of corporate power, offering not only a blueprint for how we got here, but a plan for how we will rescue ourselves and create new models of economic and political justice.” - Chris Hedges


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