A Patron of Economic Update asks: "I’d like to ask a question because it seems to me that whenever a situation occurs where unionized workers try to take over a business from their employers, offering to buy it, the employers would rather shut down than sell to the workers. Is there an economic reason for this? Even small businesses have had this happen where I don’t think they have a general anti-union strategy. Thank you!"
This is Professor Richard Wolff's video response.
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