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?"

AskProfWolff 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.

Learn more about Prof Wolff's new book, The System is the Sickness: When Capitalism Fails to Save Us from Pandemics or Itself, available now at www.democracyatwork.info/books

"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