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This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

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In a democratic socialist economy, the democratic power of workers within capitalist firms would be extended and deepened. Isabelle Ferreras, in her book Firms as Political Entities (Cambridge University Press, 2017), has proposed one way of accomplishing this: All capitalist firms above a certain size would be governed by a bicameral board of directors, one elected by shareholders in a conventional manner and the other elected by workers on a one-person-one-vote basis. She argues that firms are political entities quite analogous to states. The largest global corporations, after all, have annual incomes much larger than most countries. During the development of representative democracy in states, there was frequently a period in which one chamber of a bicameral system represented property owners (such as the House of Lords in Great Britain) and the other chamber represented the people (the House of Commons). In a parallel manner, a bicameral board of directors could choose the top management teams of modern corporations, and all important corporate policy decisions would have to be voted on and passed by both chambers. This would significantly constrain the exercise of economic power within corporations and expand the role for social power.

this is interesting but isnt the us system pretty shitty due to gridlock? also the house of lords suck ass

—p.82 by Erik Olin Wright 4 years, 1 month ago