Wikipedia

We’ve concluded that government ought to be controlled democratically, but bottom-up control of the economy is limited to the “power of the purse” and exit. This is described particularly well by Elizabeth Anderson’s Private Government.

The concept of economic democracy advocates for democratic control of society’s productive capacity. In my view, this looks like cooperatives, social ownership, etc. as opposed to private equity purchasing the stores and apartments on your town’s main street.

This somewhat ties into my writing on Inflationary Equity, which advocates for continuously awarding shares of a corporation to workers as they contribute toward its production.