Ask Prof Wolff: What Happens to the Stock Market After Capitalism?

A Patron of Democracy at Work asks: "I, as a socialist myself, agree with the socioeconomic model that you advocate, with worker-owned cooperatives substituting today's private businesses. However, making the actual changes, reforms and, if you like, revolution, would also bring an end to stocks, stock-based companies, and the stock market. I can't get my head around how we actually get rid of the capitalist stock markets without letting the state take over with force or having the capitalists cause big damages to the economy as an act of revenge. What should we do with the stock market?"

This is Professor Richard Wolff's video response.

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Видео Ask Prof Wolff: What Happens to the Stock Market After Capitalism? канала Democracy At Work