Ask Prof Wolff: How Worker Co-ops Handle Bankruptcy

A Supporter of Democracy at Work asks: "The concept of the productive worker being both employer and employee in all areas is brilliant and necessary to overcome the injustice of the potentially dangerous and egregious financial disparity between that of the upper earning and the lower earning citizens. However, not all such businesses will succeed. How is this scenario resolved?" This is Professor Richard Wolff's video response. Submit your own question to be considered for a video response by Prof. Wolff on Patreon:   / community  . Ask Prof Wolff is a ‪@democracyatwrk‬ production. We are committed to providing these videos to you free of ads. Please consider supporting us on Patreon.com/economicupdate. Become a part of the growing Patreon community and gain access to exclusive patron-only content, along with the ability to ask Prof. Wolff questions like this one! Your support also helps keep this content free to the public. Spreading Prof. Wolff's message is more important than ever. Help us continue to make this possible. _________________________________________________________________________ Check out the NEW 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff! Visit: https://www.lulu.com/en/us/shop/richa... “Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.” Check out all of d@w’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly at http://www.lulu.com/spotlight/democra... _________________________________________________________________________ Follow Wolff ONLINE: Web: http://www.rdwolff.com Patreon:   / economicupdate   Twitter:   / profwolff     / democracyatwrk   Facebook:   / economicupdate     / richarddwolff     / democracyatwrk   Daily Motion: https://www.dailymotion.com/democracy... Subscribe to the EU podcast: http://economicupdate.libsyn.com Shop our worker CO-OP made MERCH: https://democracy-at-work-shop.myshop...