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Economic DemocracyThe Politics of Feasible Socialism$
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Robin Archer

Print publication date: 1998

Print ISBN-13: 9780198295389

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198295383.001.0001

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Economic Democracy

Economic Democracy

Chapter:
(p.38) 2 Economic Democracy
Source:
Economic Democracy
Author(s):

Robin Archer (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/0198295383.003.0003

Sets out the basic argument for economic democracy. It shows that capitalist companies are associations that exercise authority and that workers are the only people subject to that authority. It argues, therefore, that it is workers, and not capitalists, who should exercise direct decision‐making control over these companies. Like consumers, and other affected individuals, capitalists should only exercise indirect control: in their case through capital and stock markets. The chapter also considers other ways in which the freedom of labour is compromised by capitalism, and shows that economic democracy can also address these problems.

Keywords:   authority, capitalists, companies, control, economic democracy, freedom, labour, markets, workers

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