On this week's episode of Economic Update, Prof. Wolff provides updates on Bloomberg's money, negative interest rates, the oil market, Puerto Rico's cruel sales tax, Fed Reserve governor supports breaking up banks 'too big to fail,' and Apple borrows despite its huge cash hoard. Response to listeners: converting capitalist into worker coop type enterprises. Major discussion: three alternative responses to the huge problems of capitalism today.
Showing 6 comments
What if some individual with adequate funds decides to start up a business and wants to hire some people to work for her as employees, not as owners. In this new kind of socialism is this to be allowed. If so, what if this enterprise grows to dominate an industry; is that allowed? At what point will the traditional capitalist enterprise simply be forbidden?