This is the second part of our discussion of the concept of economic democracy (See part 1). Why is such a discussion necessary? Neo-liberalism is in crisis, yet the left has failed to provide any kind of alternative economic model. Indeed it cannot. The staples of left economic thinking – social democracy and state socialism/Leninism – have both failed, and have failed the working class most of all: theoretically, economically, socially and politically. As a consequence of clinging to these failed ideas, the right has been visibly winning the argument for decades, and will continue to do so until our side ups its game. This is our attempt to contribute to the mapping out of a pro-working class alternative economic model. Discussion and criticism is welcomed. (more…)