Skip to main content

Catalyzing worker co-ops & the solidarity economy

Bailout! A Case for Economic Democracy

Article type
Repost
October 6, 2008
Body paragraph

By David Schweickart

Now here's something that's never mentioned in polite company: It doesn't have to be this way. We don't have to rely on the animal spirits of the wealthy to keep the economy healthy. Our economy, to be sure, is a capitalist economy. That is to say, we rely on the private savings of private individuals to provide for the investment that any healthy economy needs. But in depending on private savings, we are compelled to keep up the spirits of those with money to invest. This means insuring that they can make a healthy return on their investment, and, above all, not letting too many fail.

 

But this "solution" is problematic...

Read more here...

Add new comment

The content of this field is kept private and will not be shown publicly.

Plain text

  • No HTML tags allowed.
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
CAPTCHA This question is to verify that you are a human visitor and to prevent automated spam.

What does the G in GEO stand for?