A Patron of Economic Update asks: "In the capitalist model workers are given incentives like bonuses, stock options, etc for above & beyond performance, incentives which don't have a good track record of benefiting workers as they promise. Worker co-ops offer much better equity, but also improve efficiency and product quality. I know you've mentioned some, but what are some other benefits of worker co-ops to workers and society at large?"
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
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Yanis Varoufakis, Greek economist, academic, philosopher, politician, author of Talking to my daughter about the economy
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