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Democratizing the Corporation

Democratizing the Corporation
Author: Isabelle Ferreras
Publisher: Verso Books
Total Pages: 419
Release: 2024-03-19
Genre: Political Science
ISBN: 1804294543

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Although contemporary Western societies refer to themselves as "democratic," the bulk of the population spend much of their lives in workplaces that have more in common with tyranny. Gigantic corporations such as Amazon, Meta, Exxon, and Walmart are among the richest and most powerful institutions in the world yet accountable to no one but their shareholders. The undemocratic nature of conventional firms generates profound problems across society, hurting more than just the workplace and contributing to environmental destruction and spiraling inequality. Against this backdrop, Isabelle Ferreras proposes a radical but realistic plan to democratize the private firm. She suggests that all large firms should be bicamerally governed, with a chamber of worker representatives sharing equal governance power with the standard board representing owners. In response to this proposal, twelve leading experts on corporate behavior from multiple disciplines consider its attractiveness, viability, and achievability as a "real utopian" proposal to strengthen democracy in our time.


Democratizing the Corporation

Democratizing the Corporation
Author: Isabelle Ferreras
Publisher: Verso Books
Total Pages: 337
Release: 2024-03-19
Genre: Political Science
ISBN: 1804294535

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Worker representation is the first step toward democratizing the economy Although contemporary Western societies refer to themselves as “democratic,” the bulk of the population spend much of their lives in workplaces that have more in common with tyranny. Gigantic corporations such as Amazon, Meta, Exxon, and Walmart are among the richest and most powerful institutions in the world yet accountable to no one but their shareholders. The undemocratic nature of conventional firms generates profound problems across society, hurting more than just the workplace and contributing to environmental destruction and spiraling inequality. Against this backdrop, Isabelle Ferreras proposes a radical but realistic plan to democratize the private firm. She suggests that all large firms should be bicamerally governed, with a chamber of worker representatives sharing equal governance power with the standard board representing owners. In response to this proposal, twelve leading experts on corporate behavior from multiple disciplines consider its attractiveness, viability, and achievability as a “real utopian” proposal to strengthen democracy in our time.


Democratize Work

Democratize Work
Author: Isabelle Ferreras
Publisher: University of Chicago Press
Total Pages: 140
Release: 2022-05-06
Genre: BUSINESS & ECONOMICS
ISBN: 0226819620

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Introduction : for a fairer, more democratic, greener society /Julie Battilana --Manifesto : work. democratize, decommodify, remediate --From the politically impossible to the politically inevitable : taking action /Isabelle Ferreras --Democratize firms ... why, and how? /Hélène Landemore --Equal dignity for all citizens means equal voice at work : the importance of epistemic justice /Lisa Herzog --Democratizing work to reverse increasing inequalities /Imge Kaya-Sabanci --Work in dignity /Adelle Blackett --Double majorities for firm governments /Sara Lafuente --Rescuing journalism by decommodifying the media /Julia Cagé --Decommodifying all work : the power of a job guarantee /Pavlina R. Tcherneva --All workers produce value /Neera Chandhoke --The subaltern worker-body speaks; will the privileged listen? /Flavia Maximo --Sustaining life on this planet /Alyssa Battistoni --Working against an end : shifting gears for a new beginning /Dominique Méda.


Democracy in Retreat

Democracy in Retreat
Author: Joshua Kurlantzick
Publisher: Yale University Press
Total Pages: 404
Release: 2013-03-19
Genre: Political Science
ISBN: 030018896X

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DIVSince the end of the Cold War, the assumption among most political theorists has been that as nations develop economically, they will also become more democratic—especially if a vibrant middle class takes root. This assumption underlies the expansion of the European Union and much of American foreign policy, bolstered by such examples as South Korea, the Philippines, Taiwan, and even to some extent Russia. Where democratization has failed or retreated, aberrant conditions take the blame: Islamism, authoritarian Chinese influence, or perhaps the rise of local autocrats./divDIV /divDIVBut what if the failures of democracy are not exceptions? In this thought-provoking study of democratization, Joshua Kurlantzick proposes that the spate of retreating democracies, one after another over the past two decades, is not just a series of exceptions. Instead, it reflects a new and disturbing trend: democracy in worldwide decline. The author investigates the state of democracy in a variety of countries, why the middle class has turned against democracy in some cases, and whether the decline in global democratization is reversible./div


Democratizing Finance

Democratizing Finance
Author: Fred Block
Publisher: Verso Books
Total Pages: 337
Release: 2022-02-08
Genre: Political Science
ISBN: 1839762675

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What if our financial system were organized to the benefit of the many rather than simply empowering the few? Robert Hockett and Fred Block argue that an entirely different financial system is both desirable and possible. They outline concrete steps that could get us there. Financial systems move the worlds savings from investment to investment, chasing the highest rates of return. They run on profit. But what if investment went to the enterprises or institutions that provided things that the majority of people would prioritize? Democratizing Finance includes six responses that seek to amend, elaborate, and challenge the arguments developed by Hockett and Block. Some of the core arguments put forward by other contributors include calls for the rapid elimination of private financial entities, the dilemmas of the politics associated with financial reforms, and the fate of parallel proposals advanced in the US in the 1930s.


Democratizing Innovation

Democratizing Innovation
Author: Eric Von Hippel
Publisher: MIT Press
Total Pages: 224
Release: 2006-02-17
Genre: Business & Economics
ISBN: 0262250179

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The process of user-centered innovation: how it can benefit both users and manufacturers and how its emergence will bring changes in business models and in public policy. Innovation is rapidly becoming democratized. Users, aided by improvements in computer and communications technology, increasingly can develop their own new products and services. These innovating users—both individuals and firms—often freely share their innovations with others, creating user-innovation communities and a rich intellectual commons. In Democratizing Innovation, Eric von Hippel looks closely at this emerging system of user-centered innovation. He explains why and when users find it profitable to develop new products and services for themselves, and why it often pays users to reveal their innovations freely for the use of all.The trend toward democratized innovation can be seen in software and information products—most notably in the free and open-source software movement—but also in physical products. Von Hippel's many examples of user innovation in action range from surgical equipment to surfboards to software security features. He shows that product and service development is concentrated among "lead users," who are ahead on marketplace trends and whose innovations are often commercially attractive. Von Hippel argues that manufacturers should redesign their innovation processes and that they should systematically seek out innovations developed by users. He points to businesses—the custom semiconductor industry is one example—that have learned to assist user-innovators by providing them with toolkits for developing new products. User innovation has a positive impact on social welfare, and von Hippel proposes that government policies, including R&D subsidies and tax credits, should be realigned to eliminate biases against it. The goal of a democratized user-centered innovation system, says von Hippel, is well worth striving for. An electronic version of this book is available under a Creative Commons license.


Democratizing Corporate Political Activity

Democratizing Corporate Political Activity
Author: Jay Kesten
Publisher:
Total Pages: 36
Release: 2013
Genre:
ISBN:

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Corporate political activity raises a hard and important question for corporate law: who decides when the corporation should speak and what it should say? In several cases, the Supreme Court has provided a clear answer: shareholders, acting through the procedures of corporate democracy. While this holding has attracted substantial academic and public criticism alongside calls for widespread reforms to corporate law, the securities laws, and the Constitution, there has been no comprehensive examination of the normative merits of the Supreme Court's vision. Building on key insights from modern finance theory, public choice theory, and democratic theory, this Article presents three plausible justifications for the privately ordered corporate political activity contemplated in Citizens United and Bellotti: (i) reducing both pecuniary and moral agency costs; (ii) mitigating welfare-decreasing rent-seeking and reverse rent-seeking (i.e., political extortion); and (iii) beginning the process of democratizing corporate political activity by removing a problematic second layer of representative government from the political process. Such a structure would also have an important expressive effect concerning shareholders' moral agency.


Corporations and American Democracy

Corporations and American Democracy
Author: Naomi R. Lamoreaux
Publisher: Harvard University Press
Total Pages: 0
Release: 2017-05-08
Genre: History
ISBN: 9780674972285

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Recent U.S. Supreme Court decisions in Citizens United and other high-profile cases have sparked passionate disagreement about the proper role of corporations in American democracy. Partisans on both sides have made bold claims, often with little basis in historical facts. Bringing together leading scholars of history, law, and political science, Corporations and American Democracy provides the historical and intellectual grounding necessary to put today’s corporate policy debates in proper context. From the nation’s founding to the present, Americans have regarded corporations with ambivalence—embracing their potential to revolutionize economic life and yet remaining wary of their capacity to undermine democratic institutions. Although corporations were originally created to give businesses and other associations special legal rights and privileges, historically they were denied many of the constitutional protections afforded flesh-and-blood citizens. This comprehensive volume covers a range of topics, including the origins of corporations in English and American law, the historical shift from special charters to general incorporation, the increased variety of corporations that this shift made possible, and the roots of modern corporate regulation in the Progressive Era and New Deal. It also covers the evolution of judicial views of corporate rights, particularly since corporations have become the form of choice for an increasing variety of nonbusiness organizations, including political advocacy groups. Ironically, in today’s global economy the decline of large, vertically integrated corporations—the type of corporation that past reform movements fought so hard to regulate—poses some of the newest challenges to effective government oversight of the economy.


The Responsive Global Organization

The Responsive Global Organization
Author: Torben Juul Andersen
Publisher: Emerald Group Publishing
Total Pages: 256
Release: 2017-09-07
Genre: Business & Economics
ISBN: 1787148327

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This book outlines the contours of the dynamic adaptive multinational corporation based on contemporary research insights from global strategy and international business. It considers the role of corporate leadership and frontline engagement to advance responsive innovation dealing with emergent risks and opportunities in turbulent global markets.


Corporations Are Not People

Corporations Are Not People
Author: Jeffrey D. Clements
Publisher: Berrett-Koehler Publishers
Total Pages: 242
Release: 2012-01-09
Genre: Political Science
ISBN: 1609941071

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The Supreme Court’s Citizens United decision marked a culminating victory for the bizarre doctrine that corporations are people with free speech and other rights. Now, Americans cannot stop corporations from spending billions of dollars to dominate elections and keep our elected representatives on a tight leash. Jeffrey Clements reveals the far-reaching effects of this strange and destructive idea, which flies in the face of not only all common sense but most of American legal history as well. Most importantly, he offers solutions—including a constitutional amendment to reverse Citizens United—and tools to help readers join a grassroots drive to implement them. Ending corporate control of our Constitution and government is not about a triumph of one political ideology over another—it’s about restoring the republican principles of American democracy.