In this episode, the ATC guys answer a question from a listener: "In the Soviet Union commodity production was retained and thus the money-commodity-money cycle that creates capital was able to continue, with the main change being that the capital accumulation was now directed by the state. Would a cooperative society not run into a similar issue, where the capital accumulation is merely directed by a different entity (in this case the co-ops) instead of eliminating capital accumulation itself?"

Kevin, Larry, and Cinar dive into this question and provide their perspective on issues of capital accumulation, commodity production, and the incentives of cooperative enterprises.