Economic Update: Worker Co-Ops, Socialism’s Future

[S9 E39] Worker Co-Ops, Socialism’s Future

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In the first half of Economic Update this week, Professor Wolff discusses how and why socialism changed from what it meant in the 19th and 20th centuries (public enterprises + state planning vs capitalism’s private enterprises + markets).

During the second half of this week’s episode, Prof. Wolff leads us on an exploration of why 21st century socialism aims to democratize capitalist workplaces, replacing their top-down undemocratic organization with worker cooperatives.

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Prof. Wolff’s latest book “Understanding Marxism”
http://www.lulu.com/spotlight/democra

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