[Richard Wolff] Transitioning to Democratic Enterprises

Capitalism is exhibiting a hardening of its economic arteries. The pandemic has exposed profound structural problems. The crisis demands a serious examination of not only its root causes but for viable solutions. Once we are passed the pandemic do we g…

Capitalism is exhibiting a hardening of its economic arteries. The pandemic has exposed profound structural problems. The crisis demands a serious examination of not only its root causes but for viable solutions. Once we are passed the pandemic do we go back to the status quo ante of massive eco-devastation and inequalities in income and wealth or do we create a new paradigm? Economist Richard Wolff suggests cooperatives offer equitable alternatives. He says, “If workers collectively and democratically owned and operated the enterprises, they wouldn't be profit maximizers that goes to a tiny group of people. The passion Americans sometimes bring to democratic values in politics, have been peculiarly un-applied to economics with disastrous results. Cooperation is not just a nice, warm, cuddly, good thing to do. Cooperation is what can save us from the collapse of our system.”


This content originally appeared on AlternativeRadio and was authored by info@alternativeradio.org.


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» [Richard Wolff] Transitioning to Democratic Enterprises | info@alternativeradio.org | Radio Free | https://www.radiofree.org/2021/08/12/richard-wolff-transitioning-to-democratic-enterprises/ | 2021-10-21T11:16:19+00:00
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