Empowering Workers Through Economic Democracy
By Nyegosh Dube, United Steelworkers Blog
(cross-posted on Solidarity Economy.Net)
We’re once again witnessing an American election campaign dominated by big money and wealthy candidates.
The Republicans are trying to sell unregulated, low-tax (for the rich), free-market capitalism as the solution to the nation’s economic woes, when in fact it’s exactly this system that has landed the country in deep water. They blame government, when the problem is Big Business and Wall Street – and their influence over government.
Newt Gingrich has accused Mitt Romney of “vulture capitalism,” but Gingrich and other Republicans have done everything in the past 30 years or so to give vulture capitalism free reign. The result is a major economic crisis that has badly affected tens of millions of middle and working class Americans.
What’s the real solution to America’s economic troubles? I believe it’s economic democracy, taking the economy out of the hands of the super-rich 1 percent (and the mega-rich 0.1 percent) who siphon off a disproportionate share of the nation’s wealth.
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