Real Democracy Demands Economic Democracy
“Only 1 out of 8 American households is able to have the American Dream.”
We were told as children that capitalism was good because it supported the middle class. We were sold on the idea as “the American way,” but we all must admit at this point that capitalism has led us to some very bad consequences, burying this country in turmoil by making everyone poor so a few can become rich . . . very, very rich.
Wolff is a heterodox economist and Professor at The New School in New York City, looking more broadly at systems that work for all people, not just the “winners,” the few at the top. Wolff shows us how our capitalist crisis heaps “huge burdens on us for years,” taking issue with Americans total rejection of marxist criticism and other critics who actually had a few good alternatives for how to better approach commerce.
Wolff has become the chief spokesman bringing people to understand why democracy is absent from our economic system.
For example, Wolff explains in the video below how new associations can make substantive change by replacing capitalism with worker self-directed enterprises (WSDEs) wherein workers decide how to use profits.
Upon our relaunch this past spring, our Manifesto for A New Age of Sexual Freedom offered up the formula for real progress: the elimination of old, inhumane, and coercive systems; the preservation of what is old but also humane; and the creation of new, humane, and voluntary systems. We like to catalog progress, taking note when we we see it. Democracy At Work is one of the best examples of this new movement and is worthy of our attention and support. Together, we can make a difference.
Also see: The Silenced Majority by Amy Goodman