What is economic democracy?
Economic democracy is one of the philosophy of socioeconomics. SocioEconomics is a study and exploration of the economy when it is seen in connection with human social values, behavior and interactions. In this context, they take economic democracy to defend power from a rich minority and give it to people. In essence, it is a form of economic socialism in which workers control production. However, all approaches share basic basic values. The philosophy dictates that all people should have access to common sources such as soil, water and raw materials. An artificial deficiency produced by a large enterprise should be removed and the purchasing power of consumer should be increased.
The basic economic problem defined by the philosophy of economic democracy is that the company as a whole does not earn enough money to buy everything it produces and production. The reason is that a small group of people have most of the wealth. They use this wealth, not for the well -being of their workers, but to make themselves and other shareholdersricher. This inequality, according to the philosophy of economic democracy, leads to poverty, unemployment and starvation.
approaches to how to solve this problem differ in intensity and scope. Many supporters of access to economic democracy believe that they can escape the capitalist model by shaping cooperatives. A group of people who share similar skills are connected and connected by a business. Each member of the cooperative will own or rent part of the building, money for utiles and advertising and receive the same share in profit. Most of the teams now manage groups of farmers or artists.
The more radical approach to economic democraci is restructured by local, national or world governments. Instead of controlling only their small cooperative, workers would basically share ownership in every business. The property would not be owned by anyone and therefore could not be bought or sold.But it could be rented. The value of the whole soil would be determined by how it is used.
In this approach, banks will also be socially owned. Every person would have the right to part of the business profits. Everyone works, but instead of getting paid, they get the same share of wealth. In this way, advocates say that poverty, hunger and war virtually disappear.