A patron of Economic Update asks: "Hey Prof, you've mentioned previously that that under different economic systems (slavery, feudalism, capitalism) enterprises can be privately run or run by the state and still be, at their core, the same system. Under an economic system where enterprises are run cooperatively what would a state run enterprise look like? How could an enterprise be subject to central planning, or similar, and still retain workplace democracy, or are those concepts not compatible?"
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"Richard Wolff in his new book examines frightening and anti-democratic configurations of corporate power, offering not only a blueprint for how we got here, but a plan for how we will rescue ourselves and create new models of economic and political justice.” - Chris Hedges