Question

Why economic democracy is important?

Answer 1

It is important to realize that we do not, at present, live in a democratic society. The massive economic inequality that capitalism has generated has severely compromised our political system as well, making a mockery of the concept of “rule by the people.” Hence the need to “democratize democracy!”

Answer 2

It is important to realize that we do not, at present, live in a democratic society. The massive economic inequality that capitalism has generated has severely compromised our political system as well, making a mockery of the concept of “rule by the people.” Hence the need to “democratize democracy