- published: 09 Feb 2015
- views: 19319
Economic democracy or stakeholder democracy is a socioeconomic philosophy that proposes to shift decision-making power from corporate managers and 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 inherent effective demand gap.
Classical liberals argue that ownership and control over the means of production belongs to private firms and can only be sustained by means of consumer choice, exercised daily in the marketplace. "The capitalistic social order", they claim, therefore, "is an economic democracy in the strictest sense of the word". Critics of this claim point out that consumers only vote on the value of the product when they make a purchase; they are not participating in the management of firms, or voting on how the profits are to be used.
Own The Change: Building Economic Democracy One Worker Co-op at a Time
People Should Control Their Own Work: Noam Chomsky on Economic Democracy
Solidarity vs. Solitary: Hope for Economic Democracy - Aaron Tanaka
Economics of Prout: Economic Democracy in Practice
Radical Imagination: Imagining Economic Democracy (Richard Wolff/Stephanie Kelton)
Extreme Capitalism, Market Populism & the End of Economic Democracy: Stocks (2001)
Economic Update: Economics for Labor Day (2016.09.08)
Peter Tatchell -Talk: Economic Democracy, and Q&A; OCCUPY DEMOCRACY PARLIAMENT SQ 23-10-2014
Building Economic Democracy One Worker Co-op at a time
Economic Update: Puerto Rico's Crisis is Systemic (2016.09.01)
A short, practical guide for those considering worker owned cooperatives, made by GRITtv & TESA, the Toolbox for Education and Social Action. Featuring conversations with worker-owners from Union Cab; Ginger Moon; Arizmendi Bakery, Anti-Oppression Resource and Training Alliance (AORTA); New Era Windows; and more. Educational kits for use with the doc are available at: http://store.toolboxfored.org/own-the-change/
Distinguished academic and social justice advocate Noam Chomsky discusses the politics of workers self-management of production and of reclaiming control over the course of your own destiny on the job. More info: http://www.chomsky.info
This is the third in a series of videos recorded during the fall of 2015 at a grantee gathering held by the Fund for Democratic Communities (F4DC) in Greensboro NC. The theme of the gathering was Big Ideas That Guide Our Work. In this video Aaron Tanaka, co-founder and director of the Center for Economic Democracy and Senior Advisor for the Boston Impact Initiative, talks about his hope for the development of economic democracy. Subsequent videos will be released as they are completed with presentations by Ed Whitfield, Dr. Jessica Gordon Nembhard, Marnie Thompson, Brendan Martin, Melissa Hoover and Umi Selah. We hope you find these videos informative, challenging, inspiring and useful. Learn more at http://f4dc/org/big-ideas. - - - Videography by Kevin Smith Cover art by Mo Kessler -...
Economics of Prout covers the basic economic principles of Prout, which offeres a viable alternative to the materialistic, anti human philosophies of Capitalism and Communism.
According to a Pew Research Center report published earlier this month, the middle class represents less than half of the population and no longer dominates America. How can government rebalance the economy to favor the working class once again? This Sunday on The Radical Imagination; host Jim Vrettos, a sociology professor at John Jay College of Criminal Justice; sits down with guests, Richard Wolff and Stephanie Kelton, to discuss the idea of economic democracy. In a thought-provoking debate, the two economic scholars will give insight into the current state of the United States economy and offer strategies for promoting a more inclusive system that levels the playing field between private and public stakeholders. Dr. Wolff is a visiting economics professor in international affairs gr...
One Market Under God: Extreme Capitalism, Market Populism, and the End of Economic Democracy is a 2000 book by historian and author Thomas Frank. It was published by Anchor Books. The book traces the development of what Frank calls "market populism: the idea that markets are a far more democratic form of organization than democratically elected governments." He also discusses many facets of the New Economy, "culture studs," and internet brokerages. An excerpt of the book was the cover story of the October 12, 2000 issue of The Nation. It was reviewed in The American Prospect on December 18, 2000, in The New York Times on December 21, 2000. One topic that Frank devotes considerable page space to is television commercials, especially those for brokerages and mutual funds. He cites many exam...
Peter Tatchell Talk and Q&A; Given 23 October 2014 during occupy democracy protest in Parliament Square London. TWITTER: Peter Tatchell: @PeterTatchell Occupy London: @OccupyLondon Occupy Democracy: @OccupyDemocracy
A special episode dedicated to the US movement for workplace democracy. We focus on the concrete steps for building economic alternatives by creating worker-owned cooperatives. Featuring conversations with worker-owners from Union Cab; Ginger Moon; Arizmendi Bakery, Anti-Oppression Resource and Training Alliance (AORTA); New Era Windows; and more. teleSUR http://multimedia.telesurtv.net/v/laura-flanders-show-348456/
US income inequality vs rest of world, Europe exposes Apple Corp's tax evasion; TTP and TTIP face rising opposition; even Martin Wolf sees capitalism's contradiction with democracy. Interview with Prof Ian Seda on Puerto Rico's economic/colonial crisis.