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Economic Democracy

Socialism or Barbarism? Syriza, Economics, and Democracy

Jedediah Purdy | Posted 02.19.2015 | Politics
Jedediah Purdy

Restated for the 21st century, "socialism" simply means that a people's judgments about its own economic life come before the supposedly iron rules of the international economy. It would be fair to call it "economic democracy." The condescending view of the Greeks as somehow not understanding economic reason and the direction of history writes off this kind of economic democracy as infeasible, archaic, and probably senseless. Syriza's government has a chance to reverse the lens. Economic democracy (or, as Syriza calls it, socialism) is politics that puts human needs first and accepts that market-based destabilization, impoverishment, and humiliation are not natural disasters or comeuppance for bad behavior but forms of political violence.

Hugo, the Financial Crisis and St. Catherine of Siena

Lydia Fisher | Posted 03.20.2012 | Business
Lydia Fisher

Can we afford to disenfranchise swaths of the population, amputating them from well-being and a productive existence from which stem self-esteem and self-reliance? The key to what ails us is like the key to Hugo's automaton, one shaped like a heart.

Return to Mondragón

Georgia Kelly | Posted 12.10.2011 | Business
Georgia Kelly

While the unemployment rate in Spain is currently around 20 percent, it is zero percent in the Mondragón Cooperatives. How do they do it?

Six Demands the Wall Street Protesters Should Make

Keith Harrington | Posted 12.03.2011 | Business
Keith Harrington

What the world needs to hear is an answer to the questions: "Where do we go from here? Is there a truly workable alternative to capitalism? How do we solve the myriad crises of capitalism?"

Could Egypt Become the World's Most Advanced Democracy?

Keith Harrington | Posted 08.12.2011 | World
Keith Harrington

True democracy will fail to emerge in Egypt unless its people turn their attention to one critical factor that is going largely ignored amidst all the transitional hubbub -- the economy.

Democrats Can Show Some Moral Decency by Not Kicking Edwards Under the Bus

Earl Ofari Hutchinson | Posted 05.25.2011 | Politics
Earl Ofari Hutchinson

Edward's much needed and almost never heard populist message didn't mark him as a threat. The bare possibility that many Americans actually got his message about poverty and neglect made him a threat.