Gar Alperovitz argues that democracy is failing because in the end all power systems are based on property systems. Instead of trying to reproduce historical strategies for change like the New Deal, which were possible due to historical circumstances that no longer apply, like strong unions, he argues that we need to favor strategies that put property in the hands of all Americans - worker-owned cooperatives, systems to reward workers with voting shares of stock in companies as well as regular pay, employee representation on boards of directors, consumer cooperatives for electricity, wi-fi, and some other essential services, municipal ownership of some needed enterprises and services, including local banks which along with credit unions are mandated to invest locally, and of land trusts for affordable housing. In some exceptional circumstances, like large banks, fossil fuels and arms, and maybe the big tech firms, nationalization is appropriate, since regulation continues to fail consumers, workers and the public. So a more democratic economy can then lead to a more democratic political system where as in every system the owners of productive economic activities are represented. So long as most Americans remain employees of large businesses we can expect that government will not work for us.
These videos show an example of a project he is involved in - the Evergreen cooperatives in Cleveland, Ohio:
https://www.youtube.com/watch?v=s_kLye_6VBc
https://www.youtube.com/watch?v=axX4RY265rA
and here is a short one about the Mondragon Cooperative in Spain, with nearly 100,000 worker-owners, operating manufacturing firms, retail outlets, farms, scientific laboratories, and a bank:
https://www.youtube.com/watch?v=8ZoI0C1mPek
I can't find a video in English about it, but here in Italy, we have the Banca Etica - the ethical bank, which is owned by those who have their savings in its accounts - if you put your money in it, you get one vote - it's one person one vote, not one dollar one vote like in shareholder corporate systems. The bank only funds viable for profit projects and businesses - mostly cooperatives, some small family businesses too - and these businesses have to show a viable business model but also meet strict criteria for workers rights, environmental standards, international labor standards (no child labor used by suppliers overseas etc.), fair treatment of their own suppliers etc. to get funding. It's the fastest growing bank in Italy, has been immune to the financial crisis plaguing the larger commercial and investment banks here, which have all needed government handouts to be saved, and has spread to Spain as well. Here is their English language page:
https://www.bancaetica.it/about-us
So democratically run- consumer, public and worker owned enterprises of all kinds might be the next step in civilization and might be the way to sustain and improve democracy. Alperovitz's book is worth the read.
6/17/2020 7:39 AM (edited)