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Economic democracy (sometimes called a democratic economy [1] [2]) is a socioeconomic philosophy that proposes to shift ownership [3] [4] [5] and decision-making power from corporate shareholders and corporate managers (such as a board of directors) to a larger group of public stakeholders that includes workers, consumers, suppliers, communities and the broader public.
"A sphere of life calls forth interests arising only within that sphere. Out of the economic sphere one can develop only economic interests. If one is called out of this sphere to produce legal judgements as well, then these will merely be economic interests in disguise.". [1] Social threefolding aims to foster: equality and democracy in ...
Under different regimes, political phenomena have a different meaning, and as such, it is not surprising that economic actors react differently. Under dictatorships, whenever the regime is threatened, or there are expected changes, workers or masses of people assemble to strike and protest against their opposition, that is the government, and ...
Jeffrey Herbst, in his paper "War and the State in Africa" (1990), explains how democratization in European states was achieved through political development fostered by war-making and these "lessons from the case of Europe show that war is an important cause of state formation that is missing in Africa today."
Democratic capitalism is a type of political and economic system [3] characterised by resource allocation according to both marginal productivity and social need, as determined by decisions reached through democratic politics. [1]
The political trilemma of the world economy is a concept created by economist Dani Rodrik to capture the trade-offs that governments faced in their responses to ...
Democratic globalization is a social movement towards an institutional system of global democracy. [1] One of its proponents is the British political thinker David Held.In the last decade, Held published a dozen books regarding the spread of democracy from territorially defined nation states to a system of global governance that encompasses the entire world.
Equal economic opportunity, a robust social safety net, and strong labor unions have long been at the heart of Democratic economic policy. [9] The party favors a mixed economy [17] and generally supports a progressive tax system, higher minimum wages, Social Security, universal health care, public education, and subsidized housing. [9]