Economic Democracy

CLAIM CONNECTIONS / 11

Where this source is used

• Workplace voice is one part of economic democracy, because firms also operate within systems of finance, labor law, market regulation, public investment, and obligations to people outside their workforces.

  • supports · section 4.2, paragraphs 1–12

• Herzog identifies objections that democratic economic decisions can be costly and that participants may lack the information or competence required for specialized decisions.

  • supports · section 3.2

• Economy-wide proposals associated with economic democracy include unions, democratic rules for markets, and public or shared control of investment and productive assets.

  • supports · section 1.2, paragraphs 2–10; section 4.2, paragraphs 1–12

• Herzog identifies objections that formal participation can preserve exclusion or informal domination and that wider economic pressures can limit democratic decisions.

  • supports · section 3.3

• Claims about economic democracy's effects depend on institutional design, participation in practice, and surrounding market and legal conditions; evidence from partially democratic institutions cannot establish the effects of every proposed model.

  • supports · sections 3.2–3.3 and section 5.3

• A financial stake does not by itself establish democratic control; voting rights, representation, the size and structure of the holding, and actual decision authority must be examined separately.

  • supports · section 4.1, employee ownership paragraphs 1–5 and codetermination paragraphs 1–3

• Herzog identifies an objection that workplace democracy can conflict with owners' property rights and choices made through markets.

  • supports · section 3.1

• Economic democracy asks how people subject to economic power can share in governing it, but the literature does not settle one constituency, level of decision-making, or ownership system.

  • supports · introduction, paragraphs 1–7; section 1.2, paragraphs 1–10

• Workplace proposals associated with economic democracy include direct participation, elected worker representation, cooperatives, and codetermination.

  • supports · section 4.1, paragraphs 1–31

• Effective control concerns the practical capacity to direct how productive assets are used; legal title or a financial claim does not establish that capacity by itself.

  • qualifies · section 4.1, employee ownership and codetermination subsections

• Social ownership can support economic democracy by redistributing authority over productive assets, but economic democracy also includes workplace voice, market rules, finance, and public decision-making beyond ownership.

  • supports · section 1.2, paragraphs 1–10