After Occupy: Economic Democracy for the 21st Century

Paperback | September 15, 2015

byTom Malleson

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These days, it is easy to be cynical about democracy. Even though there are more democratic societies now (119 and counting) than ever before, skeptics can point to low turnouts in national elections, the degree to which money corrupts the process, and the difficulties of mass participation incomplex systems as just a few reasons why the system is flawed. The Occupy movement in 2011 proved that there is an emphatic dissatisfaction with the current state of affairs, particularly with the economy, but, ultimately, it failed to produce any coherent vision for social change. So what shouldprogressives be working toward? What should the economic vision be for the 21st century? After Occupy boldly argues that democracy should not just be a feature of political institutions, but of economic institutions as well. In fact, despite the importance of the economy in democratic societies, there is very little about it that is democratic. Questioning whether the lack of democracyin the economy might be unjust, Tom Malleson scrutinizes workplaces, the market, and financial and investment institutions to consider the pros and cons of democratizing each. He considers examples of successful efforts toward economic democracy enacted across the globe, from worker cooperatives inSpain to credit unions and participatory budgeting measures in Brazil and questions the feasibility of expanding each. The book offers the first comprehensive and radical vision for democracy in the economy, but it is far from utopian. Ultimately, After Occupy offers possibility, demonstrating ina remarkably tangible way that when political democracy evolves to include economic democracy, our societies will have a chance of meaningful equality for all.

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These days, it is easy to be cynical about democracy. Even though there are more democratic societies now (119 and counting) than ever before, skeptics can point to low turnouts in national elections, the degree to which money corrupts the process, and the difficulties of mass participation incomplex systems as just a few reasons why t...

Tom Malleson is an Assistant Professor in the Social Justice and Peace Studies program at King's University College at Western University, Canada. He is the co-editor of Whose Streets? The Toronto G20 and the Challenges of Summit Protest (Between the Lines, 2011) and the author of Stand Up Against Capitalism (Between the Lines and Ne...

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Format:PaperbackDimensions:304 pages, 6.1 × 9.21 × 0.71 inPublished:September 15, 2015Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0190275006

ISBN - 13:9780190275006

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Table of Contents

AcknowledgementsIntroduction1. Economic Democracy: Beginning OrientationsPart OneWorkplaces2. Should Workplaces be Democratized?3. Worker Cooperatives in PracticePart TwoThe Market System4. Democracy and the Market System5. Democratizing the Market SystemPart ThreeFinance and Investment6. Should Finance and Investment be Democratized?7. Finance and Investment Democracy in Practice: Capital Controls, Public Banks, and Participatory BudgetingConclusionTowards a Feasible Socialism for the 21st CenturyNotesBibliographyIndex

Editorial Reviews

"After Occupy provides an exceptionally insightful and nuanced defense of economic democracy. It combines sophisticated philosophical analysis of normative issues with careful empirical discussion of the actual practice of democracy in different kinds of economic institutions. The discussionnever indulges in simple cheer-leading for democratic principles, yet also never loses sight of the serious aspirations for a meaningfully democratic world. It is a superb piece of work." -- Erik Olin Wright, Professor of Sociology, University of Wisconsin-Madison and author of Envisioning RealUtopias