Measuring Economic Democracy


Maurice Vega

4 Responses

  1. Faith in free markets implies a faith in human virtue, in the democratic abilities of the dollar and the informed consumer. The truth is less utopian, human self interest trumps morality in the market as well as the real world.

    The reality, whether we like it or not, is that political power follows economic power. We must begin to accept the fact that we cannot have liberty without ownership of capital. Worker ownership is necessary for the preservation of American freedom.

    "Power (influence and control) always follows property… The only possible way then of preserving the balance of power on the side of equal liberty and public virtue, is to make the acquisition of land (potential productive capital) easy to every member of society: to make a division of the land into small quantities, So that the multitude may be possessed of landed estates (established productive capital)." – John Adams

    We need to learn to how to view worker ownership and cooperation outside the distorted lens of the traditional dichotomy.

    Conservatives like the idea of self-reliance and self-determination, but they’re concerned that cooperation is too much like socialism. It’s seen as impractical in a competitive market.

    Progressives are attracted to cooperation because they like the idea of equality: no bosses, everything is shared. But this is an incorrect view; worker ownership does not imply equality or an absence of hierarchies.

    Most of the theories of socialism and anarchism reject private ownership when it fact it’s the solution. Instead of social ownership, we need to spread out individual ownership as widely as possible so that everyone is a proprietor.

    "The consistent anarchist, then, should be a socialist, but a socialist of a particular sort. He will not only oppose alienated and specialized labor and look forward to the appropriation of capital by the whole body of workers, but he will also insist that this appropriation be direct, not exercised by some elite force acting in the name of the proletariat." – Noam Chomsky, Notes On Anarchism

    Private ownership is a natural right. We can compare it to the concept of inheritance, which, in ancient times, carried both literal and symbolic meaning. It’s our prerogative to claim that which is rightfully ours, but that doesn’t mean that it’s delivered to us on a silver platter. We still have to seek for it.

    Americans have tended to turn to political leaders who promise to increase or decrease spending, raise or lower taxes, regulate or deregulate. But traditional strategies will have little effect on the underlying problem.

    Today we need a new generation of pilgrims. We need to seek for our promised land. In our quest to escape tyranny, we need to rediscover natural moral laws and universal truth, not just in our political system but also our economic system.

    One of these natural laws is the principle of ownership, which can be described by a simple statement of purpose:

    We must seek to become owners of productive capital. Seeking ownership is the first step in building economic republics.

  2. Liberal democracy and liberal market economies are two sides of the same fiat coin. The opposite of democracy isn't "capitalism". That seems to be what's being said here regarding EU and their "neoliberalism". There's a difference between the supply-side liberalism of Friedman and Hayek, and the demand-side liberalism of the 30s.

    "Economic democracy" just isn't a thing. Marxism =/= democracy

  3. Where does the role of civil society organizations fit into the ED index? The US has a large civil society and high poverty rates

  4. Brexit could go either way depending on the leaders in charge. If the EU wasnt such neoliberal authoritarians then i would be against Brexit. If the EU were as Thatcher said, socialism through the back door, then remain would be the best choice

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