Economic Update: Socialism & Worker Co-Ops


The Real News Network published the Richard Wolff video Economic Update: Socialism & Worker Co-Ops.

20th century socialism is now behind us. Socialists continued to evaluate both its achievements and failures via extensive self-criticism. A changed socialism has emerged, focused on a transition of workplaces from top-down hierarchical capitalist structures into democratic worker cooperatives. The powerful appeal of worker co-ops as grounding a new 21st century socialism is presented.


Richard Wolff has his own sense of humor sometimes, but he doesn’t use it much during these talks. He is not pretending to be the cowboy economist. Still, you can’t learn everything from a comedian. The more from him that I hear, the more I understand (also true of the cowboy economist).

The talk of how a new political party could grow is a new subject for me to hear from Richard Wolff. It is very intriguing. I hope I will hear more and more of this in the future.

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