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Whole-process people's democracy (Chinese: 全过程人民民主; pinyin: Quán guòchéng rénmín mínzhǔ), formerly termed whole-process democracy (全过程民主; Quán guòchéng mínzhǔ), is a Chinese Communist Party (CCP) political concept describing the people's participation in, and relationship to, governance under socialism with Chinese characteristics. [1]
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.
Whole-process people's democracy is a primarily consequentialist view, in which the most important criterion for evaluating the success of democracy is whether democracy can "solve the people's real problems," while a system in which "the people are awakened only for voting" is not truly democratic. [42]
Economic democracy – theory of democracy involving people having access to subsistence, or equity in living standards. Grassroots democracy – emphasizes trust in small decentralized units at the municipal government level, possibly using urban secession to establish the formal legal authority to make decisions made at this local level binding.
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 ...
An Economic Theory of Democracy is a treatise of economics written by Anthony Downs, published in 1957. [1] The book set forth a model with precise conditions under which economic theory could be applied to non- market political decision-making .
Participatory economics, often abbreviated Parecon, is an economic system based on participatory decision making as the primary economic mechanism for allocation in society. In the system, the say in decision-making is proportional to the impact on a person or group of people.
Building upon economic theory, public choice has a few core tenets. One is that no decision is made by an aggregate whole. Rather, decisions are made by combined individual choices. A second is the use of markets in the political system. [8] A third is the self-interested nature of everyone in a political system.