Prof Wolff Democracy At Work 3min video

Capitalism vs Competition: Why the Market Creates Monopolies - Economic Update with Richard Wolff

youtube.com/watch?v=NDwgfiN-JS

Making the essential point #WhatCapitalism ?

Keynes acknowledged this in his own work and said since economies of scale are more efficient, such monopoly should be governed by society. I’d say why not? If a company is national in scope or owns its sector, it should be nationalized or the employees should own it.

#economics