Economic Democracy: The Politics of Feasible Socialism
Robin Archer
Abstract
This book argues that by pursuing the goal of economic democracy, socialism can return to the centre of political life in the advanced capitalist countries. It seeks to demonstrate, to socialists and non‐socialists alike, that there is both a strong moral case for economic democracy and a feasible strategy for achieving it. In an economic democracy, companies operate in a market economy, but are governed by their workers. The argument that economic democracy is a morally desirable goal rests on an appeal to the value of individual freedom. Since workers are the only individuals who are subject ... More
This book argues that by pursuing the goal of economic democracy, socialism can return to the centre of political life in the advanced capitalist countries. It seeks to demonstrate, to socialists and non‐socialists alike, that there is both a strong moral case for economic democracy and a feasible strategy for achieving it. In an economic democracy, companies operate in a market economy, but are governed by their workers. The argument that economic democracy is a morally desirable goal rests on an appeal to the value of individual freedom. Since workers are the only individuals who are subject to the authority of companies, it is workers, and not capitalists, who should exercise direct decision‐making control over those companies. The argument that economic democracy is a feasible goal rests on an appeal to the advantages of a corporatist industrial relations system. Corporatism enables workers to pursue economic democracy through a series of trade‐offs in which they exchange wage rises or other goods for incremental increases in control. But rational capitalists and governments—even social democratic governments—will only agree to these trade‐offs if certain conditions are met. The book sets out these conditions and shows that they have in fact been met in recent years.
Keywords:
authority,
companies,
corporatism,
decision‐making,
economic democracy,
freedom,
industrial relations,
market,
socialism,
workers
Bibliographic Information
| Print publication date: 1998 |
Print ISBN-13: 9780198295389 |
| Published to Oxford Scholarship Online: November 2003 |
DOI:10.1093/0198295383.001.0001 |
