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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 ...
According to political scientist David Stasavage, representative government is "more likely to occur when a society is divided across multiple political cleavages." [ 98 ] A 2021 study found that constitutions that emerge through pluralism (reflecting distinct segments of society) are more likely to induce liberal democracy (at least, in the ...
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 ...
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]
Generally, DG work can be seen as taking two approaches: one views democratization as a political struggle between democrats and non-democrats and directs aid toward political processes and institutions such as elections, political parties, and civil society; and the second views democratization as a slower, longer-term process and directs aid ...
Democratic backsliding [a] or autocratization is a process of regime change toward autocracy in which the exercise of political power becomes more arbitrary and repressive. [24] [25] [26] The process typically restricts the space for public contest and political participation in the process of government selection.
These countries can have significant faults in other democratic aspects, including underdeveloped political culture, low levels of participation in politics, and issues in the functioning of governance. [6] Hybrid regimes are countries with regular electoral frauds, preventing them from being fair and free democracies. These countries commonly ...