Economic Democracy

 

 


 

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E.g., 2016-12-10
E.g., 2016-12-10
E.g., 2016-12-10
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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