{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":300,"width":600,"title":"The Great Shift of Economic Thought from Macro to Micro","description":"The rational approach is to ask which works better in an industry or to meet any social need: private enterprise or government enterprise. It is irrational and dogmatic to think only one or the other is allowed. For 100 years we have wasted time debating which is good and which bad. It\u2019s time to move on. Let\u2019s talk less about macro-issues like private vs public and more about the micro issue: what is the best way to organize enterprises (factories, offices, and stores): top-down hierarchical or democratic. That could bring much-needed change and improvement to today's economic systems. We hope you enjoy this discussion and look forward to joining you next week for another all-new episode of Economic Update. Economic Update with Richard D. Wolff is a production of Democracy at Work, Inc., and any reproduction in whole or part is strictly prohibited without written permission. We make it a point to keep the show ad-free and rely solely on viewer support to continue doing so. Every donation counts and helps us reach a larger audience with the information they need to better understand the events around the world that they won't find anywhere else. We want to thank our devoted community of supporters who help make this show and the others we produce possible each week. We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info Professor Wolff's latest book, "Understanding Capitalism," is available now for purchase: https:\/\/linktr.ee\/understandingcapita... \u00a9 2026 Democracy at Work, Inc. All Rights Reserved ","author_name":"Economic Update with Richard D. Wolff","author_url":"http:\/\/www.democracyatwork.info\/economicupdate","html":"