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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.
The positive changes of democracy to economic growth such as delegation of authority and regulations of social conflicts heavily outweigh the negative and restrictive effects, especially when compared to autocracy. One of the main reasons for this is that society, i.e. voters are able to support difficult trade offs and changes when there is no ...
Social democratic theorist Robin Archer wrote about the importance of social corporatism to social democracy in his work Economic Democracy: The Politics of a Feasible Socialism (1995). [200] As a welfare state, social democracy is a specific type of welfare state and policy regime described as being universalist, supportive of collective ...
Inclusive democracy is a political theory and political project that aims for direct democracy in all fields of social life: political democracy in the form of face-to-face assemblies which are confederated, economic democracy in a stateless, moneyless and marketless economy, democracy in the social realm, i.e. self-management in places of work ...
There is academic debate over the drivers of democracy because there are theories that support economic growth as both a cause and effect of the institution of democracy. "Lipset's observation that democracy is related to economic development, first advanced in 1959, has generated the largest body of research on any topic in comparative ...
Jay Leno offered some positive thoughts on the role democracy played in the 2024 U.S. presidential election shortly after news organizations called the race for former President Donald Trump.
It calls for active government involvement in other social and economic matters such as reducing economic inequality, increasing diversity, expanding access to education and healthcare, regulating economic activity, and environmentalism. [3] Modern liberalism was formed in the 20th century in response to the Great Depression. [4]
"Moreover, strong parliamentary systems, like the one we celebrate on this special occasion, are fundamental to the democracies that serve today’s diverse societies; and are even more vital ...