Ask Prof Wolff: Yugoslavia's Experiment with Worker Co-ops

A patron of Economic Update asks: "Tito ruled Yugoslavia with an iron fist for nearly 40 years after WW2. He implemented 'self-management' Socialism and despite some initial success, by the late 80s the entire economy collapsed and soon after the country descended into a bloody civil war. I lived in Croatia from 2005 to 2011 and was surprised by the nostalgia for Tito and Communism. They remembered fondly secure work and cheap housing. They had more freedom than the USSR. You are promoting Worker Democracy. How is that different from Worker Self Management that was tried, tested and ultimately failed in the former Yugoslavia."

This is Professor Richard Wolff's video response.

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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

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