Sustaining Society with Economic Democracy
2013 International Conference on Economics and Social Science (ICESS 2013), Holiday Inn, Melbourne, January 20, 2013
8 Pages Posted: 19 Feb 2013
Date Written: January 20, 2013
Unlike leaders and scholars in the rest of the world, at least one Chinese leader and a Chinese scholar have identified the need to establish economic democracy as basis for introducing political democracy. Economic democracy also increases survival for the many by reducing environmental exploitation created to provide luxury for the few. Political democracies currently deny economic democracy because they allow concentrated control of money, realty, pension funds and share ownership. Tax incentives provide a basis for introducing distributed but localized ownership and control. This would create an ecological form of capitalism to nurture the environment and sustain society.
Keywords: Ecological capitalism, Economic democracy, Network governance, Sustainability
JEL Classification: B59, D04, D31, D63, E42, G38, H55, L16, P14, P48, Q56
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