Search results
Results from the WOW.Com Content Network
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 ...
In "Non-Modernization" (2022), Daron Acemoglu and James A. Robinson argue that modernization theory cannot account for various paths of political development "because it posits a link between economics and politics that is not conditional on institutions and culture and that presumes a definite endpoint—for example, an 'end of history'." [83]
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]
Political or comparative economy is a branch of political science and economics studying economic systems (e.g. markets and national economies) and their governance by political systems (e.g. law, institutions, and government).
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]
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.
In political science, the waves of democracy or waves of democratization are major surges of democracy that have occurred in history. Although the term appears at least as early as 1887, [1] it was popularized by Samuel P. Huntington, a political scientist at Harvard University, in his article published in the Journal of Democracy and further expounded in his 1991 book, The Third Wave ...