A patron of Economic Update asks: "I would like to ask you if you can talk a little bit about the efficiency of state owned enterprises. my teacher has told me that "there is consistent evidence that state owned enterprises have higher production costs than private for profit enterprises." Is it true? I would like to see you debunking once for all this argument that public programs are inefficient. Italian public discourse is filled with this kind of prejudices."
This is Professor Richard Wolff's video response.
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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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