What is economic democracy?

Economic Democracy

Economic democracy is a socioeconomic philosophy that proposes to shift decision-making power from corporate shareholders to a larger group of public stakeholders that includes workers, customers, suppliers, neighbors and the broader public. No single definition or approach encompasses economic democracy, but most proponents claim that modern property relations externalize costs, subordinate the general well-being to private profit, and deny the polity a democratic voice in economic policy decisions. In addition to these moral concerns, economic democracy makes practical claims, such as that it can compensate for capitalism's claimedly inherent effective demand gap.

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Some articles on economic democracy:

Criticisms Of Socialism - Critique of Centralized Planning - Suppression of Economic Democracy and Self-management
... would nevertheless be unable to maximize economic democracy and self-management, which he believes are concepts that are more intellectually coherent, consistent and just than ... But they could never have delivered economic self-management, they would always have been slow to innovate as apathy and frustration took their ... neither planners, managers, nor workers had incentives to promote the social economic interest ...
J. W. Smith - Economic Democracy
... Economic Democracy, which he describes as "a more cooperative and democratic capitalism", is a term used in many of Smith's writings ... wealth to all members of society even as economic efficiency increases and produces more wealth ...
Economic Democracy - Reform Agendas - Regional Trading Currencies
... This gave America enormous leverage over economic policies of its principal trading partners" ...
Planisme - Disadvantages of Economic Planning - Suppression of Economic Democracy and Self-management
... it would nevertheless be unable to maximize economic democracy and self-management, which he believes are concepts that are more intellectually coherent ... But they could never have delivered economic self-management, they would always have been slow to innovate as apathy and frustration took their inevitable toll, and they ... had incentives to promote the social economic interest ...
Economic Reconstruction - Currents
... Advocates of economic reconstruction advocate fundamental change related to key social problems related to environmental decay, militarism ... the key challenge is to support a demilitarized society through economic conversion, disarmament, alternative security, military budget reductions and related social innovations ... When it comes to unemployment and depressed living standards, a key challenge is to promote economic democracy, through concrete institutions and actions such as ...

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