Ask Prof Wolff: State-Owned Enterprises vs. Private Enterprises

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.

Ask Prof Wolff is a @Democracy At Work  production. We are committed to providing these videos to you free of ads. Please consider supporting us on Patreon.com/economicupdate. Become a part of the growing Patreon community and gain access to exclusive patron-only content, along with the ability to ask Prof. Wolff questions like this one! Your support also helps keep this content free to the public. Spreading Prof. Wolff's message is more important than ever. Help us continue to make this possible.

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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