Ask Prof Wolff: ESOPS, WSDE and How to Fund Worker Co-ops

A patron of Economic Update asks: "It would be interesting to contrast and look at ESOPs and WSDEs side by side! I have spent time on the lack of financing options from traditional financial institutions for worker cooperative businesses and speculating on how that could also contribute to the entrenchment of the private business model, effectively crowding out financing but for the private business model. I wonder if credit unions (as existing financial cooperatives) are in a unique position to provide that support or whether a public bank would serve that purpose more effectively." 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. _________________________________________________________________________ Learn more about Prof Wolff's new book, "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself," available now at www.democracyatwork.info/books “A magnificent source of hope and insight.” Yanis Varoufakis, Greek economist, academic, philosopher, politician, author of Talking to my daughter about the economy. _________________________________________________________________________ Follow Wolff ONLINE: Web: http://www.rdwolff.com Patreon:   / economicupdate   Twitter:   / profwolff   Facebook:   / economicupdate     / richarddwolff     / democracyatwrk   Subscribe to the EU podcast: http://economicupdate.libsyn.com Shop for EU merchandise: https://democracy-at-work-shop.myshop...