Chapter

Economic Democracy

Robin Archer

in Economic Democracy

Published in print December 1998 | ISBN: 9780198295389
Published online November 2003 | e-ISBN: 9780191598722 | DOI: http://dx.doi.org/10.1093/0198295383.003.0003
 Economic Democracy

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Sets out the basic argument for economic democracy. It shows that capitalist companies are associations that exercise authority and that workers are the only people subject to that authority. It argues, therefore, that it is workers, and not capitalists, who should exercise direct decision‐making control over these companies. Like consumers, and other affected individuals, capitalists should only exercise indirect control: in their case through capital and stock markets. The chapter also considers other ways in which the freedom of labour is compromised by capitalism, and shows that economic democracy can also address these problems.

Keywords: authority; capitalists; companies; control; economic democracy; freedom; labour; markets; workers

Chapter.  9336 words.  Illustrated.

Subjects: Political Theory

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