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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 ...
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 ...
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).
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.
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]