Ask Prof Wolff: The Relationship Between Government and Businesses

A Patron of Economic Update asks: "My original understanding of your position and approach to creating more worker coops was that it could NOT really be successfully done by any government forcing changes in the internal structure of enterprises. I have heard that during Stalin's time that was tried, but failed. My understanding of your position was that, while the government could help in some ways, any large increase in the number of worker coops would have to occur by people deciding themselves to get together and forming worker coop structured businesses. But some of your recent videos seem to indicate that you are not against having governments mandate and force such changes in internal structuring of enterprises. Please create a video where you make your position on this very clear. I personally am totally against capturing government and having governments force internal structure changes."

This is Professor Richard Wolff's video response.

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Showing 1 comment

  • Carol Jones
    commented 2023-03-22 12:44:48 -0400
    Interesting video, thanks! I’ve started having business lessons only this term, so I’m still getting better. And I don’t know a lot about relationships between business and government, but I think they have to be good for both sides. I’m more interested now in business ethics because it’s a key factor when it comes to workers, customers, and relationships in and out of business. I have two business lessons each week, and this week we’re talking about business ethics in detail. I also need to write on it, and I’ve already come across this page which provides different informative and interesting examples on that issue. I’ve read a few, and they provided me with some additional information and writing ideas, which I need to develop now. And I think that soon we will also talk about business and government, and this site will for sure be helpful for me.

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