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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 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.
The impact to employment would be an increase of 0.8 million to 2.3 million by last-2009, an increase of 1.2 million to 3.6 million by late 2010, an increase of 0.6 million to 1.9 million by late 2011, and declining increases in subsequent years as the U.S. labor market reaches nearly full employment, but never negative. [32]
Walsh wrote the book Women's Rights in Democratizing States: Just Debate and Gender Justice in the Public Sphere, published in 2010.The book confirms and advances findings that democratization does not generally increase women's participation in politics, as political institutions and parties often block women's advancement during these transitions. [3]
Economic liberalization also often involves reductions of taxes, social security, and unemployment benefits. Economic liberalization is often associated with privatization, which is the process of transferring ownership or outsourcing of a business, enterprise, agency, public service or public property from the public sector to the private sector.
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 .