Ask Prof Wolff
Ask Prof Wolff
Democracy at Work - Richard D. Wolff
How Worker Co-ops Handle Bankruptcy
7 minutes Posted May 25, 2022 at 12:00 pm.
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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?"