An #EconomicDemocracy is a market economy where most firms are structured as #WorkerCoops.
Instead, we should implement new mechanisms for funding public goods like news such as quadratic finance. Quadratic finance is a non-market mechanism that enables a decentralized ecosystem of self-organizing public goods producers such as newsrooms. It overcomes the collective action problem of donation-based models by considering the number of people contributing as well as the amount of money contributed. Newsrooms with a large base of popular support receive greater funding
I agree he is not a socialist in the 20th century sense, but he clearly says that workers should have ownership stake in companies, which is not a capitalist sentiment. He advocates for employee ownership of companies. I also am aware of who his economic advisors on these issues are and they are very much anti-capitalist
Bernie Sanders is a proper anti-capitalist not just social democratic capitalist. See: https://berniesanders.com/issues/corporate-accountability-and-democracy/
Counter-example to your claim of non-existence of anti-capitalist liberalism: https://www.ellerman.org/wp-content/uploads/2018/12/Classical-Liberal-JurisprudenceJune2018.pdf
Software companies usually form as worker coops directly rather than using an ESOP mechanim
Here is a list worker coops: https://www.usworker.coop/directory/
There are some software companies in there under technology
Worker coops can delegate decision-making to managers and executives. This can ensure speedy decision-making. Having workers control the firm doesn’t mean that every decision must be made by referendum. There can be delegation and more representative democracy
Liberalism refers to both a coherent political philosophy and a historical political tendency. The former liberalism is anti-capitalist. Yes many historical liberals were pro-capitalism, but this position makes their liberalism incoherent.
Private property rests on the principle that workers have an inalienable right to appropriate the positive and negative fruits of their labor. Capitalism violates this norm. Locke was wrong
A market economy of worker coops isn’t socialism
There are anti-capitalist liberals though
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There are legal tests to test whether a worker is an independent contractor or an employee such as the control test. You shouldn’t be able to declare a de facto employee as a de jure independent contractor. The factory with only independent contractors wouldn’t be able to exercise the same managerial authority over the workers as if they were employees. If these contractors cooperate directly, they are almost certainly in a de facto worker coop.
https://www.ellerman.org/wp-content/uploads/2022/01/UsingESOPsInPlatformCompanies.pdf
This talk focuses on putting forward the argument against the current system. Ellerman describes economic democracy in detail in other work.
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All firms would be mandated to worker coops. All worker would automatically gain voting rights over the firm by working in the firm. All the firm’s workers are voting members
The plumber sells the faucet to you as part of the contract they make with you.
Independent contractors are legally and theoretically distinct from employees
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The coin flip is inherently part of policy, and it is bad policy to decide on policies with a coin flip
Inalienable rights are moral rights that can’t be given up or transferred. It doesn’t mean that the legal system can’t fail to enforce the right such as by legally treating it as alienable like capitalism does in the employment contract. If the legal system doesn’t grant it, that’s a bad legal system.
Moral concepts have an objective sense that is unknowable.
You can’t get good policy without democracy because democracy is part of all good policy. Non-democracy violates inalienable rights, which makes it inherently bad policy
How can this be a rejection of the far left when Harris campaigned as a moderate (e.g. Cheney)? If republican voters are going to think Democrats are communist regardless of how moderate the Democrats are, maybe moderating isn’t a good strategy. If the only choice is between right-wing and lite right-wing, right-wing voters will choose the real thing. Even then, Trumpists will still call democrats communists.
Many left polices are popular when they aren’t labelled as left
I agree that giving alienable voting shares to workers isn’t anti-capitalist. It becomes anti-capitalist when the voting rights over management and corporate governance are inalienable meaning they are legally recognized as non-transferable even with consent.
Here is a talk by people involved with Bernie Sanders politically about how all companies should be democratically controlled by the workers: https://youtu.be/E8mq9va5/_ZE
Sanders supports worker co-op conversions
@noncredibledefense