A patron of Economic Update asks: "My question is, would worker owned and operated cooperatives operating in a market driven, profit motivated economy be more immune to the boom-bust cycle we see in capitalism? Or would such cooperatives just be more resilient throughout the "business cycle?" What about an economy composed of cooperatives makes it less unstable than a capitalist one?"
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
Follow us ONLINE:
Patreon: http://www.patreon.com/economicupdate
Facebook:
- http://www.facebook.com/EconomicUpdate
- http://www.facebook.com/RichardDWolff
- http://www.facebook.com/DemocracyatWrk
Twitter:
Instagram:
Shop our CO-OP made MERCH: https://democracy-at-work-shop.myshopify.com/