Rick Woodward

 

 


 

Richard Woodward is a lecturer in international business at the University of Edinburgh Business School and an economist at CASE - the Center for Social and Economic Research - in Warsaw, Poland. He is the author of numerous publications on privatization in post-Communist countries, especially on the role of employee ownership in privatized companies.




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Nov 29th 2016

Could a cooperative market economy, in which firms are owned and controlled by their workers, be a viable and efficient alternative to capitalism? Most Western societies are proud of being political democracies, but democracy rarely operates within the firm. Democratic governments, in principle, can be criticised freely and are answerable to those they seek to govern. By contrast, managers are not, in general, answerable to those they seek to manage, and the mildest criticism can be dangerous.

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